The Nets have signed Croatian Bosnian forward Mirza Teletovic on a three-year, $15.7 million deal, and it probably sunk their chances at landing Dwight Howard.Why?
By using the full mid-level exception on Teletovic, the Nets will have a hard $74 million salary cap no matter what. They can’t go over that.
If they used the “mini mid-level” (which is $3 million a year), they could have spent as much money as they wanted to.
This morning, we estimated that the Nets would have a $79.2 million team salary if they traded for Howard and used that $3 million mini mid-level.
With the Teletovic signing, they would have $70.46 million committed to just Howard, Williams, Joe Johnson, Gerald Wallace, and Teletovic (according to SI’s Zach Lowe).
If you assume Lowe’s estimations are correct, it’ll be almost impossible to get Howard without making another roster move. Even if Wallace’s first-year salary is as low as $8.5 million (we assumed it’s $10 million), the Nets only hope of staying under $74 million with Howard is to fill out a roster with eight minimum rookie salaries (which get paid $473,000 a year).
Short story: Dwight Howard to Brooklyn just got less likely.
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