Adrian Wojnarowski reports that the Nets have reached an agreement to bring Bojan Bogdanovic to Brooklyn next season. According to Woj and Nets beat writers, the deal is a two-year deal with a third year players option worth $2.5 million this season. The deal will consume most of the team's mini-MLE for this season.
Woj broke the news in a tweet...
Nets have reached agreement to bring 2012 draft pick Bojan Bogdanovic to the NBA this season, league source tells Y! Sports.— Adrian Wojnarowski (@WojYahooNBA) July 6, 2013
Tim Bontemps provided the details of the contract...
Nets spent roughly 2.5 million of the mini mid-level to bring over Bogdanovic, per source. Saves Nets roughly $3 mil in luxury tax payments.— Tim Bontemps (@TimBontemps) July 6, 2013
Mike Mazzeo reports, "The contract came together in the last couple days, a source said, with the Nets having to complete a buyout with Fenerbahce to bring Bogdanovic over." Josh Newman writes, the final buyout figure remains unclear at this time but ultimately wasn't an issue...
As we've been reporting for the the better part of six weeks, Bogdanovic's buyout wasn't going to be the problem and, well, it wasn't.— Josh Newman (@Joshua_Newman) July 6, 2013
The $2.5 million starting salary is equal to what the seventh pick in the 2013 NBA Draft will be paid. Of course, Bogdanovic may have to pay a significant amount of that to his Turkish club, Fenerbahce, as a buyout.
The Nets drafted the 6'8" Croatian swingman, now 24, in 2011, trading a second round pick in 2014 and cash considerations (reportedly $1.5 million) to Minnesota for his rights. Over the past two years, the Nets have watched his development in Europe carefully. This past season, Bogdanovic led the Euroleague Top 16 in scoring and Index ratings, the European PER, shooting 50 percent from two, 40 percent from three and 85 percent from the stripe.
The big issue with Bogdanovic has always been the buyout from Fenerbahce, the Turkish powerhouse. His contract signed just before the 2011 Draft, didn't even have an NBA-out until this summer. He told NetsDaily in February that the buyout was 1.5 million euros or $2 million. Under the CBA, the Nets can only pick up $575,000 of that cost. He would have to foot the rest, if it wasn't negotiated down. Last week, his agent, Marc Cornstein told The Sporting News' Sean Deveney that the buyout is "manageable."
The Nets had originally planned to use their full mini-MLE on Kyle Korver but he signed a contract two and a half times larger and a year longer with the Hawks.
With Bogdanovic's signing, the Nets will have 13 players under contract once the free agency moratorium ends on July 10 and the Nets - Celtics deal is completed two days later. The team is expected to sign a back-up point guard, possibly Shaun Livingston, soon. To save luxury taxes, now at an NBA record $80+ million, the team is not expected to sign a 15th man.
- Nets reach agreement to sign Bojan Bogdanovic - Adrian Wojnarowski - Yahoo! Sports
- Bojan Bogdanovic agrees to deal with Brooklyn Nets, sources say - Mike Mazzeo - ESPN New York
- Bojan, Nets agree on 3-year contract - Tim Bontemps - New York Post
- Bojan Bogdanovic, Nets Come to 3-year Agreement - Josh Newman - SNY Nets
- Former Nets draft pick Bojan Bogdanovic agrees to terms to play in Brooklyn - Stefan Bondy - New York Daily News
- Source: Nets agree to deal with Bojdan Bogdanovic - Rod Boone - Newsday
- Bojan Bogdanovic agrees to 3-year deal with Brooklyn Nets - Scott Coleman - SB Nation
- Woj: Bojan Bogdanovic, Nets reach agreement - Chris Hooker - The Brooklyn Game
- Nets Sign Bojan Bogdanovic - Ian Parfrey - Brooklyn Fans