The Nets can extend Michael Porter Jr.’s expiring $40.8 million contract right up to next July’s free agency. There’s no real deadline, but Tuesday may offer a signal as to the Nets thinking on the 28-year-old who put up 24/7/3 last season, a career high, as the Brooklyn rejected trade offers at the February deadline.
As Brian Lewis explained Saturday:
The upcoming season’s deadline is expected to be Feb. 11.
Due to the quirks of the CBA, that does make this Tuesday worth watching.
If Porter gets an
extension — with a raise of 5 percent or more than two additional seasons — then he can’t be traded for six months.
And if the Nets renegotiate his contract, he also can’t be moved for six months.
That means if Marks plans to do either of those things with Porter, he’d either have to do them by Tuesday, otherwise the forward couldn’t be traded until next summer.
If the Nets and MPJ can’t come to an agreement, there’s speculation both sides might want a separation, but a trade now, with most rosters set, might not be the time. Assuming nothing changes before the deadline, and he keeps playing at tha same pace, he could be a valuable piece for a contender. But Sean Marks & co. give every indication they want to keep him, although it’s uncertain what’s progressed..
“I’m sure we’ll have those discussions,” Marks said at the end of the Vegas Summer League. “We value him a lot. He had a terrific year last year, arguably his best year as a pro. I give him a lot of credit for that.
“I also give Jordi [Fernandez] and the coaching staff a heck of a lot of credit for putting him in places where he can have that type of success. It’s been great to see what Mike’s done for us. So I look forward to having those discussions, and just seeing what Mike can do the rest of the summer and the rest of the season…
“As I said before, I love Mike, the guy, the person, the player, and I hope he is part of this team. But we’re just gonna have to have those discussions between the two of us and our representatives and go from there.”
Porter Jr.’s agent has expressed similar sentiments, and Porter Jr. himself has lavished the organization with praise. But money is money and flexibility is flexibility. There’s also a league-wide trend to keep contracts short unless a team is trying to keep a superstar on the roster.
MPJ has been eligible for a four-year, $234 million deal since June 19. That’s an annual average value of $58.5 million. That isn’t happening, but it does seem that if Brooklyn and he can agree to a deal, it may turn out to be creative. Mark Bartelstein, Porter Jr.‘s agent, also has a reputation for making things work using the CBA’s nooks and crannies.
The most rumored — and that’s all it is, rumored — solution is for the Nets to take their remaining $4.9 million in cap space and re-jigger MPJ’s remaining deal so he gets an immediate $4.9 million raise this year to $45.7 million then tag on a multi-year extension starting at perhaps $35 million in 2027-28, the length of which being the key issue. (Brooklyn would still have a $9.4 million room MLE and be a good $10 million under the luxury tax threshold.)
Porter spoke this week on just how long he intends to play in the league. He’s still bothered by a bad back suffered in college. He said once he settles down, it will be about family.
“When we start having kids, I don’t want other people really raising my kids,” Porter said on the “Girls, Disrupted” podcast. “But the thing is, I don’t want to play basketball for 10 more years. I want to be done in the next five, six years. So then, during that time, I’m fine being home a lot. I’m a chill dude. I want to raise my kids.”
Sounded like a hint he’s planning long-term right now.
Losing MPJ would, barring some surprise, put the Nets in an offensive straitjacket. Finding a missing 24 or 25 points a game would not be easy. The most likely return on a deal would be more draft assets of which the Nets have plenty. Moreover, in his time in Brooklyn, Porter Jr. has become a mentor and leader for the team’s younger players, an added and unexpected bonus for Brooklyn.
it does seem the Nets want to keep him. In June, they traded Nic Claxton to add anther high-scoring forward, Julius Randle, in hopes of igniting Jordi Fernandez’s offense. Both are proven NBA vets: Porter started on an NBA championship team and Randle is a three-time All-Star and two-way All-NBA selection with a love of the city … and things to prove after the Knicks unceremoniously dumped him for Karl-Anthony Towns at the beginning training camp in 2024..
So, we shall see starting Tuesday where things are headed.
- Every Michael Porter Jr. scenario is still on the Nets’ table with need to find middle ground ($) – Brian Lewis – New York Post
