Draft Picks Coming: None
Draft Picks Going: 2014 first round (to Atlanta, swap); 2014 first round (to Boston); 2014 second round (to Philadelphia); 2015 first round (to Atlanta, swap); 2015 second round (to Atlanta); 2016 first round (to Boston); 2016 second round (to LA Clippers, swap); 2017 first round (to Boston, swap); 2017 second round (to Atlanta); 2018 first round (to Boston)
Trade Exceptions: None
Over/Under: Over the tax
Amnesty Provision: Used on Travis Outlaw (2011)
Stretch Provision: Available
Player Option Team Option Qualifying Offer
Last season, the Nets became the second team in NBA history to have five players making at least $10 million annually, joining the 2000 Portland Trail Blazers. In 2013-14, they will become the first team to have five players making at least $12 million.
Owner Mikhail Prokhorov certainly is willing to spend money to win a championship. And the addition of Kevin Garnett, Paul Pierce and Jason Terry – all of whom own rings – along with new coach Jason Kidd definitely will help set a tone.
With all that spending, however, comes limited flexibility. The Nets are above the apron, meaning all they have at their disposal to add players is the taxpayer exception. After trying to buy 2011 second-round pick Bogan Bogdanovic out of his Europe deal, they used it on Andrei Kirilenko.
The Nets are nearly $30 million over the tax threshold, which means they will pay roughly $85 million in tax unless they shed players between now and June 30, which isn’t likely given their desire to contend.
Brooklyn looks like it will be a tax team next season as well, which makes it a repeater and brings stiffer tariffs. And even with just three players under contract in 2015-16, the Nets are committed to over $62 million for that season.
And for the next five years, Brooklyn’s first-round picks are either being given to or swapped with Boston and Atlanta.