Recent News

Nets Release 2014-2015 Season Schedule; Open in Boston

August 16th, 2014 at 1:52 PM
By Richard N. Funaro

The Brooklyn Nets, along with the rest of the NBA's teams, released their 2014-15 season schedule Wednesday. The Nets will be tested over the first 15 games of the new campaign, as they will play seven of those games against 2013-14 playoff teams (Miami, San Antonio, Golden State, Portland, Chicago, and Oklahoma City twice).

Games that Nets fans may want to circle on their calendars include:

-Wednesday, October 29- Opening Night at Boston

-Monday, November 3- Home opener against Oklahoma City

-Wednesday, November 19- Jason Kidd returns to Brooklyn for the first time as the head coach of the Milwaukee Bucks

-Monday, December 8- LeBron James, Kevin Love (potentially), and Kyrie Irving make their first of two visits to the borough with Cleveland

-Friday, January 16 and Saturday, January 17- The Nets play a home-and-home against the Washington Wizards, who not only feature talented young guards John Wall and Bradley Beal, but former Net Paul Pierce. The second game of the home-and-home will be in Brooklyn.

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Nets Sign Bojan Bogdanovic, Three Other Rookies

July 29th, 2014 at 1:09 PM
By Richard N. Funaro

The Nets have officially announced the signing of foreign prospect Bojan Bogdanovic in a press release posted on the team's website last week. Adrian Wojnarowski of Yahoo Sports tweets the contract will be for $10.1 million over three years, which is the team's full taxpayer mid-level exception.

The team has also signed two of its three draft second draft picks in last month's draft, inking Oklahoma State guard Markel Brown (44th overall) and former Baylor Bear Cory Jefferson (60th overall). According to Mark Deeks of ShamSports.com, both rookies will receive two-year contracts, with the first year in both deals including guaranteed money. However, Jefferson will is only guaranteed $75,000 of his $507,336 first-year salary, while Brown will receive the the entirety of his $507,336 salary this season.

The Nets now have a roughly $94 million payroll for the upcoming season which, while still tops in the league, is less than the record $101 million they paid in salaries last season. However, Brooklyn is still more than $17 million over the tax threshold, despite the fact that the league increased the tax threshold for the 2014-2015 season earlier this month.

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Paul Pierce to Sign with Wizards

July 13th, 2014 at 9:05 PM
By Richard N. Funaro

After one season for the Nets, Paul Pierce is leaving Brooklyn to sign a two-year deal with the Washington Wizards, according to ESPN's Marc Stein on Twitter. The deal is worth $11 million, with the second year of the contract being a player option.

According to the New York Post's Tim Bontemps, the Nets were hesitant to re-sign Pierce since it would push them further over the luxury tax. As of this writing, the Nets already feature a payroll that sits over $20 million over the salary cap.

Teams rumored to be interested in Pierce included the Nets, Clippers, and Rockets. The Wizards were left with a hole at small forward with the departure of Trevor Ariza, who signed a four-year, $32 million deal with Houston earlier Saturday.

Pierce's Brooklyn departure now leaves the team with unreliable and unproven options to replace The Truth at the three. Currently, the Nets have an oft-injured Andrei Kirilenko and recent acquisition Sergey Karasev as the only small forwards on the team. However, the Nets are said to be close to a deal to bring 2011 second round pick Bojan Bogdanovic over from Europe. If the Nets do indeed ink Bogdanovic, both he and second year pro Karasev would likely the see the majority of minutes at small forward.

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ESPN: Nets Will Pay $90 Million in Luxury Taxes

July 12th, 2014 at 10:24 PM
By Richard N. Funaro

After spending over $100 million in salaries during the 2013-14 season, the Nets are set to pay another $90 million in luxury taxes, according to an ESPN report. The NBA's luxury tax threshold for this past season $71.7 million.

The Nets were reportedly one of five teams to pay the luxury tax this year, with the next closest tax paying team being the crosstown Knicks, who paid $36.3 million. The Clippers, Heat, and Lakers were the other teams that paid the tax.

The league has also raised the salary cap for teams to $63.065 million, which is an increase of roughly $5 million over last year's cap. Currently, the Nets' payroll stands at $87,660,430. Keep in mind the Nets could still re-sign Paul Pierce and bring in 2011 draft pick Bojan Bogdanovic, plus possibly take on salary in a trade during the season.

The Nets will again pay the luxury tax next season despite the league raising the luxury tax threshold to $76.8 million. How much they will pay after this season remains to be seen since aspects of the team's payroll such as cap holds and bonuses have not been finalized. For an explanation of how the luxury tax works and how the league figures out how much taxpaying teams will pay, Larry Coon's NBA Salary Cap FAQ provides a very thorough run-through of the NBA's salary cap and contract issues.

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Meet the Nets: a Look at Newest Nets Jarrett Jack and Sergey Karasev

July 9th, 2014 at 2:38 PM
By Richard N. Funaro

Earlier today, the Nets acquired guard Jarrett Jack and forward Sergey Karasev from the Cleveland Cavaliers as a part of a three-team trade that sent Marcus Thornton to Boston. In the deal, the Nets picked up a solid, proven NBA guard (Jack) and an intriguing former first round pick (Karasev). Let's meet the newest members of the Brooklyn Nets.

The 30-year-old Jack is now with his fourth team in four years and his seventh NBA team in nine years in the league. The 6'3" guard figures to take over the backup point guard role that was vacant following Shaun Livingston's recent departure to Golden State (side note: Jack was Livingston's replacement in Cleveland this past season after Livingston left the Cavs for Brooklyn. Deja vu all over again).

According to TNT's David Aldridge, the Nets are considering using Jack the same way Livingston was used last season, which means he could see time as the starting shooting guard next to Deron Williams. Throughout his career, Jack has been shuffled back-and-forth from the starting lineup and role player off the bench. He started in 31 of 80 games for the Cavs last season, but only four of 79 for the Warriors in 2012-13. For his career, Jack has averaged just under 11 points/game on 44.3% shooting. The guard is also a good source of assists (4.3 per game in his career).

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