No announcement yet.

Nets Sign Tyler Johnson To 4 Years $50 Million - Heat Match

  • Filter
  • Time
  • Show
Clear All
new posts

  • Nets Sign Tyler Johnson To 4 Years $50 Million - Heat Match

    Brooklyn Nets make offer to Miami Heat guard Tyler Johnson for four years, $50 million

    The Brooklyn Nets will sign restricted free-agent guard Tyler Johnson to a four-year, $50 million offer sheet which contains the "poison pill" provision, sources confirmed Sunday.

    Miami will have three days to match once Johnson can officially sign the offer sheet on July 7.

    The contract breakdown, designed so the Heat will not match, will be $5.6 million for the first year and $5.9 million for the second year. It will then rise up to approximately $18.9 million for year 3 and $19.6 million for the fourth year.

    The cap hit for Brooklyn, however, would be $12.5 million per season. It contains a player option for the fourth year, sources confirmed.

    Johnson turned down more money from another team to sign with the Nets, sources said.

    Johnson could either start for Brooklyn next to Jeremy Lin (three-year, $36 million agreement) in the backcourt or come off the bench and serve in a sixth man capacity.

    Heat coach Erik Spoelstra regarded Johnson as a key member of a rapidly developing young core on the team, a unit that also includes 2015 draft picks Justise Winslow and Josh Richardson. Johnson's versatility in the backcourt and his 37.8 percent shooting from 3-point range made retaining the undrafted guard a high priority for the Heat this offseason.

    But Johnson endured growing pains last season when he missed nearly three months after undergoing shoulder surgery in February. He averaged 8.7 points, 3.0 rebounds and 2.2 assists in 36 games and also returned to make five appearances in the playoffs at both guard spots.

  • #2
    Sources: Heat match Tyler Johnson offer sheet

    The Miami Heat are matching the four-year, $50 million offer sheet to restricted free-agent guard Tyler Johnson, thwarting the Brooklyn Nets’ bid to acquire him, league sources told The Vertical.

    The Heat’s decision to retain Johnson was the second blow to the Nets on Sunday, a decision made within hours after the Portland Trail Blazers’ matched the Nets’ $75 million offer sheet on restricted free-agent guard Allen Crabbe.
    Johnson’s contract included $18 million-plus and $19 million-plus “poison pill” provisions in years three and four of the deal. They were designed to severely puncture the Heat’s salary cap and dissuade president Pat Riley from retaining Johnson. Nevertheless, Miami was determined to hold on to a young guard that it had plucked out of the NBA Development League and continued to develop in the Heat system.

    For Johnson, the contract represents one of the most rapid financial ascensions in recent league history: From an undrafted D-League guard in 2015, to participating in only 68 games over parts of the past two seasons, to a staggering market deal.

    Johnson made $507,000 in his second NBA season for the Heat in 2015-16. He played 36 games – only starting five – but NBA executives and coaches who scouted him and studied him closely on tape in the D-League and NBA see the potential for a versatile and complete guard.