Source: Nets Will NOT Be Signing Sebastian Telfair

Moke Hamilton, NBA Analyst

NEW YORK — With the NBA free agency season in full effect, the Brooklyn Nets and New York Knicks have both made strides toward improving their teams for the 2013-14 season. The Nets, currently in the market for a reserve point guard since the defection of C.J. Watson, have reportedly been in contact with Brooklyn-native Sebastian Telfair, who is an unrestricted free agent.

Sebastian Telfair

Sebastian Telfair

Back in December, when Telfair visited Barclays Center for the first time as a member of the Phoenix Suns, he was quoted as saying it would be “a dream come true” to play in New York City, immediately contributing to speculation that he would be interested in becoming a member of the Nets or Knicks when he became a free agent.

The Nets and Knicks have both been rumored to be courting Telfair, and Telfair made a bit of a splash on Friday afternoon when he tweeted “I’m heading home!!!!”

Speculation immediately began that Telfair has agreed in principle to sign with one of New York’s NBA teams, but a source on Friday confirmed to SNY.tv that the Nets will not be signing Telfair.

Obviously, Telfair may have simply meant he was returning home to New York, where he maintains a residence. However, as a free agent who is a New York native and is on record as saying he would like to play in New York, his cryptic tweet has understandably caused a bit of a stir.

Do not expect him to be causing a stir in the paint of Barclays Center next season, though. At least, not as a member of the Nets.

After failing to land Kyle Korver, who re-signed with the Atlanta Hawks on a three-year deal worth a reported $20 million. The Nets are still armed with their taxpayer mid-level exception of $3.18 million, and after agreeing in principle with the Boston Celtics on the blockbuster trade that will net the Nets Kevin Garnett and Paul Pierce, whether or not the team still intends on bringing Bojan Bogdanovic over remains to be seen.

There is still an obvious need in the backcourt, and there are attractive names available that may be in the Nets price range, including Nate Robinson, Will Bynum, D.J. Augustin and Earl Watson, to name a few.

Once Dwight Howard announced his free agency decision, which is expected this weekend, other dominoes are expected to fall. The free agency flurry should be over by July 15, and by then, we should know which, if any point guard, the Nets decided to pursue.