restricted free-agent guard has agreed to sign a four-year, $50 million offer sheet with the , league sources, Adrian Wojnarowski reports.
Woj suggests it's unlikely Miami would match, calling it "prohibitive."
Once Johnson, 24, signs the offer sheet at the end of the free-agent signing moratorium on Thursday, the Heat will have three days to match the offer and retain Johnson – or let him leave for the Nets.
For Johnson, the contract represents one of the most rapid financial ascensions in recent league history: From an undrafted NBA Development League guard in 2015, to participating in only 68 games over parts of the past two seasons, to a staggering poison-pill contract that guarantees seasons of $18 million-plus and $19 million-plus in the final two years of the deal.
Specifically, the Nets would pay Johnson an amount equal to the MLE of $5.6 million and $5.9 millon in the first two years of his deal, then $18.9 million and $19.6 million in the third and fourth years. It's the same kind of deal the Rockets used to sign Jeremy Lin and Omer Asik in 2012.
As an undrafted player, Johnson is subject to the NBA "Arenas rule." Put simply, annual raises are limited years one and two but a significant raise can be included between the second and third years of the offer. The average price tag of the contract, $12.5 million would count against the cap for the Nets. For the Heat, the cap numbers would be as paid.
David Aldridge reports that the final year of the deal, when Johnson would make $19.6 million, is a player option.
Nets’ offer sheet to Tyler Johnson—four years, $50M—has a player option after third year, per source. Incredible. https://t.co/JtGXzAwZB2— David Aldridge (@daldridgetnt) July 3, 2016
Johnson, a hyper athletic 6'4" shooting guard, averaged 8.7 points and shot 48.6 percent overall and 38 percent from three in only 36 games, missing a significant amount of time to shoulder surgergy. Woj reports other teams, specifically Sacramento, Chicago, Charlotte and New Orleans were among aggressive suitors for Johnson ... with similar offers, but Johnson saw an opportunity to play in Brooklyn.
Here's Baskerball Breakdown's take on him from last season...
The Nets already have several young wing players under contract, including Bojan Bogdanovic, Rondae Hollis-Jefferson and Sean Kilpatrick. Also, the Nets tendered a qualifying offer to Markel Brown this week and drafted Caris LeVert, a combo guard 10 days ago.
Johnson maintains a personal website.
- Sources: Nets to sign Tyler Johnson to $50M offer sheet - Adrian Wojnarowski - Yahoo Sports
- Why the Nets reportedly gave a poison-pill offer sheet to Tyler Johnson - James Herbert - CBS Sports
- Report: Tyler Johnson to sign $50 million offer sheet with Nets -Andy Vasquez - The Record
- Nets test Heat with $50M offer sheet to rising Tyler Johnson - Brian Lewis - New York Post
- Brooklyn Nets make offer to Miami Heat guard Tyler Johnson for four years, $50 million - Mike Mazzeo - ESPN
- Nets to sign Heat restricted free-agent G Tyler Johnson to $50 million offer sheet, per report - Alex Kirshner - SBNation.com
- Should Miami Heat match on Tyler Johnson or let him leave for Brooklyn Nets? - Kevin Pelton - ESPN Insider