Stefan Bondy reports that Andray Blatche has agreed to a two year vets minimum deal with the Nets, worth roughly $2.9 million. With amnesty payments from the Wizards, he's guaranteed $18.5 million over two.
Andray Blatche actually signed a multi-year deal. Second year is a player option at $1.437 million that he almost certainly won't pick up— Stefan Bondy (@NYDNInterNets) July 2, 2013
The Nets will pay the 26-year-old Blatche $1.375 million this season and $1.473 million next season, if he chooses to exercise his player option. Because he was amnestied by the Wizards last year, Blatche will actually pick up a lot more money, like a total of nearly $18.5 million. Under the complicated formula for amnestied players, Blatche will receive $8.876 million combined from the Nets and Wizards this season and $9.601 million next season. Blatche's contract situation is unique in the NBA.
The second year provides Blatche with job security, and if all goes well this season, he could be eligible for a new, longer term Nets contract next July, when he will have his Early Bird Rights, having played two seasons in Brooklyn. A new contract could pay Blatche $25 million over four years, starting in July 2014. The Wizards would still be paying Blatche in the first year of a new deal beginning next summer.
It's a big deal for the Nets, too, as Tim Bontemps writes.
- Re-signing Blatche could be bigger for Nets than Celtics trade - Tim Bontemps - New York Post
- Lichtenstein: Blatche Re-Signing Looms Large As Nets Restock Bench - Steve Lichtenstein - WFAN