Just hours after announcing the signing of Tyler Johnson, the Nets followed up with word they’ve also signed second round pick, Reggie Perry, taken at No. 57 in the NBA Draft last week.
The Nets did not specify whether the contract was a standard deal or a two-way, stating, “.The Brooklyn Nets have signed forward Reggie Perry. Per team policy, terms of the deal were not released.”
Johnson became the 15th player under contract with Brooklyn, which is the regular season limit, but teams can bring 20 players into camp which opens Tuesday at HSS Training Center. Teams must get to 15 players by December 21, the day before Opening Night.
A few days back, Bobby Marks tweeted that he was starting to see something new among second round picks ... one with relevance to the Nets who took the Mississippi State big as part of a three-deal deal among the Nets, Clippers and Pistons.
Starting to see a trend of Two-Way contracts starting to shift to second-round picks.— Bobby Marks (@BobbyMarks42) November 24, 2020
Out of the 30 players taken in rd. 2, only CJ Elleby (pick 46 to POR) has signed a standard contract (2 years fully guaranteed).
Second rounders have always been at the mercy of NBA front offices. While first rounders get guaranteed two-year deals (with two additional years of team options), second rounders get no guarantees. Teams can negotiate deals starting at the league minimum — $898,230 this year. They can also stash them, domestically or overseas. Despite some notable successes historically (Manu Ginobili at No. 57 to the Spurs come to mind), players taken in the second round are basically a crap shoot. The deeper the pick, the less chance of a rotation player.
But this year, the NBA has changed the rules on two-way contracts. Last year, players on two-way contracts would earn a $77,250 G League salary and a prorated NBA rookie minimum salary depending on how many NBA games they were active. The max earning potential is $385,000. Moreover, two-ways couldn’t spend any more than 45 DAYS with an NBA club. That included practices as well as game days. More than that and the team would have to decide to either sign the two-way player to a standard NBA contract or lose his rights. (Last year, with Timothe Luwawu-Cabarrot’s 45 days running low, the Nets gave him two 10-day deals, the max, to preserve their rights.)
Instead, for the 2020-21 season, players on two-way deals will receive a fixed $449,155 salary —exactly half the minimum— and can be active for 50 GAMES, not days. That’s a big difference. Two-way players might as well be full roster players. Moreover, no one seems to know what will happen with the G League. There are reports that they could start much later than the NBA season and play all their games in a “bubble” in the Atlanta area.
So, the Nets could join the trend and give him the two-way. He’d probably play as much as he would have if signed to a standard NBA deal. He wouldn’t count against the 15-man limit and his $449,115 wouldn’t count on the salary cap. Also, they can always convert the two-way to a standard contract should a roster spot open up. The more flexibility the better.
If it’s a standard contract, Perry could get same kind of deal the Nets gave Rodions Kurucs, who signed a four-year deal in 2018 for a little less than $7 million, or Nicolas Claxton, who got three years and $4.2 million a year ago.