Kris Humphries had a $3.2 million player option for next season, and he has decided to exercise it, officially giving the Nets eight players on their roster (including their two first round draft picks) and about $27 million of cap space (depending on the final cap number) at the start of free agency. A max contract is $16.5 million in the first year.
The Nets now sit in fourth place among teams with cap space, behind New York, Miami and Chicago. If Humprhies had not exercised his option, the Nets would have had close to $30 million. Once more teams get under the cap after July 1, the Nets could offer Humphries contract along with draft picks and cash.
The same holds true of Yi Jianlian's $4.05 million deal.
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Kris Humphries picks up his option, will return to Nets - Al Iannazzone - The Record
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Kris Humphries exercises his player option - Dave D'Alessandro - Star-Ledger