The New York Daily News (Julian Garcia) reports: The Nets are still scheduled to move to Brooklyn. But as for exactly when that will happen, not even owner Bruce Ratner can say. At the press conference to introduce new players Yi Jianlian and Bobby Simmons Wednesday, Ratner acknowledged that the move, which in recent months had been pushed back to the start of the 2010-2011 season, may not occur until that season is already underway. Ratner said that the move could occur late in the year. Ratner’s spokesperson, Barry Baum, clarified the remarks, saying that the team has acknowledged for awhile that the move may not occur until the 2010 “calendar year” as opposed to before that season. “When (Ratner) says late in the year, he means late in 2010,” Baum said.
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Nets sign Chris Douglas-Roberts
The New Jersey Nets have signed their second round selection in the 2008 NBA Draft, Chris Douglas-Roberts, Nets President Rod Thorn announced today. Per team policy, terms of the agreement were not released.
Douglas-Roberts, selected by the Nets in the second round with the 40th overall pick, was named Conference USA Player-of-the-Year and averaged 18.1 points and 4.1 rebounds during his junior year to help lead Memphis to the national championship game against Kansas. The 6-7 guard was also named First Team All-American for the 2007-08 season. In three seasons at Memphis, Douglas-Roberts averaged 14.2 points and 3.7 rebounds in 109 career games.
2008-09 Salary Cap set to $58.680 million
The National Basketball Association today announced that the Salary Cap for the 2008-09 season will be $58.680 million. The new Cap goes into effect immediately as the league’s “moratorium period” has ended and teams can begin signing free agents and making trades.
The tax level for the 2008-09 season has been set at $71.150 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $71.150 million.
The mid-level exception is $5.585 million for the 2008-09 season and the minimum team salary, which is set at 75% of the Salary Cap, is $44.010 million.
For the 2007-08 season, the Salary Cap was set at $55.630 million, the tax level was $67.865 million and the mid-level exception was $5.356 million.
LeBron loves Brooklyn
New York Newsday (Ken Berger) reports: “My favorite cities are New York; Washington, D.C.; Dallas, Texas; Los Angeles, California, and Akron, Ohio,” LeBron James said, pausing only before offering his hometown of Akron, which was suggested by me. “What’s your favorite borough?” LBJ was asked. “My favorite borough?” he said, without a hint of hesitation. “Brooklyn.”
Cavs offered Nets Wally for Vince
The Bergen Record (Dave D’Alessandro) reports: The Nets may seem to be in the process of blowing up their roster, but if they truly wanted to experience a true demolition job, they had their chance Wednesday night. As they were putting some of the finishing touches on the Richard Jefferson-Yi Jianlian deal, the Nets received a call from the Cleveland Cavaliers, who offered them Wally Szczerbiak and his expiring, $13.2 million salary for Vince Carter. According to two Eastern Conference executives, who asked for anonymity so as not to spill Rod Thorn’s secrets, the Nets considered it — but not for very long.
Nets happy with Draft
The New York Post (Fred Kerber) reports: The Nets are nowhere near a finished product, but in one draft night containing a very significant trade, the Nets addressed most of their often-glaring needs. In short, they liked their draft. Team president Rod Thorn and general manager Kiki Vandeweghe drafted 7-foot center Brook Lopez for size and toughness, 6-10 forward Ryan Anderson for shooting and 6-6½ swingman Chris Douglas-Roberts for scoring and depth. That was after they landed 7-0 big upside project Yi Jianlian and 6-6 veteran Bobby Simmons from Milwaukee for Richard Jefferson. With the $22 million they will save, (Jefferson is due $42.4 over three years, Simmons gets $20.4 over two) the Nets can make a spirited run in 2010 at free agent LeBron James.
Nets extend qualifying offer to Nenad Krstic
The New Jersey Nets have extended a qualifying offer to restricted free agent Nenad Krstic, Nets President Rod Thorn announced today. The qualifying offer allows the Nets to retain the right of first refusal in regards to Krstic. As a restricted free agent, Krstic is able to sign an offer sheet with any team, however the Nets will have the right to match the offer.
Krstic, a four-year NBA veteran from Serbia, was the Nets’ first round selection (24th overall) in the 2002 NBA Draft. Since joining the Nets in 2004, Krstic has played 226 games over four seasons with New Jersey, posting averages of 11.3 points and 5.7 rebounds. In 2007-08, Krstic appeared in 45 games, averaging 6.6 points and 4.4 rebounds.
Nets trade Richard Jefferson to Bucks
The New Jersey Nets have acquired forwards Yi Jianlian and Bobby Simmons from the Milwaukee Bucks in exchange for forward Richard Jefferson, Nets President Rod Thorn announced today.
InsideHoops.com reaction: This is wild. The Nets clearly want to rebuild for the future, and they have parted ways with RJ’s contract. Is Vince Carter the next to go? Yi Jianlian hasn’t proven anything yet — of course, he’s just entering his second year, so that isn’t saying much. Bobby Simmons got a decent contract from the Bucks and then disappointed them. On paper, as of this minute, the Nets will miss the playoffs again next season. As for the Bucks, this is a good move for them. They have talent up front with Andrew Bogut. Charlie Villanueva is pretty good, though probably best as the main forward off the bench. Though, he’s good enough to start in some situations. The Bucks backcourt of Mo Williams and Michael Redd was disappointing last year, but the additional of RJ will make them better. On paper, Milwaukee now has a pretty decent 1-3, and center. If they can solidify that power forward spot they could make a bit of noise. And by that I mean be a lower playoff seed in the East. Which isn’t that special. But it’s a step in the right direction.
“We feel that Yi can be a very special player,” said Thorn. “He is a 20-year old seven footer who shoots the ball extremely well, and he is an excellent addition to our frontcourt. Bobby Simmons is a veteran NBA player who has averaged 10 points for his career, and should be a rotation player for us.”
Nets hire Doug Overton as assistant coach
The New Jersey Nets have named Doug Overton as an assistant coach, Nets President Rod Thorn announced today. Overton joins Brian Hill and Tom Barrise as a member of Head Coach Lawrence Frank’s staff.
“We are very pleased to add Doug to Coach Frank’s staff,” said Thorn. “He was a player who conducted himself with a great deal of professionalism for 11 seasons in the NBA, and his addition will be an asset to both our players and coaches.”
Overton had served as an assistant coach on Phil Martelli’s staff at Saint Joseph’s during the 2006-07 and 2007-08 campaigns. Prior to his stint at Saint Joseph’s, the Philadelphia native spent the 2005-06 season as the Director of Player Development for the Philadelphia 76ers, where he assisted the coaching and scouting staffs and worked with the team’s community outreach programs.
An 11-year NBA veteran, Overton spent three different stints with the Nets (1998-99, 2000-01 and 2003-04) averaging 6.0 points and 2.8 assists in 26 games. In 499 career games with seven teams (Washington, Denver, Orlando, New Jersey, Boston, Charlotte Hornets and Philadelphia), Overton averaged 4.5 points and 2.1 assists.
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Byron Scott hopes CP3 makes Team USA
The New Orleans Times-Picayune (John Reid) reports: One day after it was announced that there won’t be tryouts for the U.S. Olympic men’s basketball team, Hornets Coach Byron Scott said he can’t see a team without his star guard, Chris Paul, on it. “I think if they are going to make a team, then he (Paul) should definitely be on it,” Scott said Wednesday. “If they are going to try out guys, that’s a different story. I don’t see how you’ll leave out a guy that was runner-up to the MVP. “I just don’t see how you do it. But I don’t know what the criteria is, but Chris is the ultimate point guard as far as making people around him better. He is very unselfish, and he is a true point guard.” … Jason Kidd appears to be a lock to make the team.