Josh Newman, Field ReporterAs the NBA free agency period gets underway, it appears Kyle Korver is about to come to full-circle back to the team that drafted him.
Multiple sources told SNY.tv early Monday morning that a deal that would land the free agent, sharp-shooting swingman with the Nets is, ‘all but done.’
As expected, the deal will be completed for the team’s mini mid-level exception. The mini-MLE is a three-year deal totaling approximately $10 million. The first-year salary of $3.18 million in 2013-14 would be Korver’s lowest salary since the 2004-05 season.
ESPN’s Marc Stein took to Twitter early Monday morning to first report that a dear was near, tweeting, “Says one rival GM with interest in one of this summer’s most coveted shooters: ‘Hearing Korver to Brooklyn is in the bag.'”
Korver’s name had come up in recent days as a possible solution to the bench-scoring problem that plagued last season’s 49-win Nets team, which fell in seven games in the first round of the playoffs to the Chicago Bulls.
Aside from the Nets having a need to fill, this acquisition makes sense on Korver’s end given his relationships with people inside the Nets’ organization. Korver, Deron Williams, Paul Pierce, Mirza Teletovic and Tyshawn Taylor are all represented by Jeff Schwartz.
Williams and Korver remain friends from their days as teammates with the Utah Jazz, while General Manager Billy King bought Korver’s draft rights on Draft Night in 2003. Korver was drafted by the then-New Jersey Nets 51st overall and King was the General Manager of the Philadelphia 76ers at the time.
The deal cannot be made official until the moratorium on player transactions is lifted on July 10. Korver accepting the mini-MLE is not a surprise given his relationship with Williams and King, but it is a bit of a surprise given his presumed market value.
Korver is coming off a strong season with the Atlanta Hawks and likely would have commanded a bit more money on the open market this summer. He started 60 of the 74 games he played in last season, averaging 10.9 points in 30.5 minutes per game while shooting 46 percent from 3-point range. For his career, he is shooting 42 percent for his career from deep. A free agent at the age of 32, this is likely Korver’s last opportunity to score a big pay day.
The signing of Korver leaves the status of Nets Euro-stash Bojan Boagdonovic very much up in the air. The 24-year-old Croation-born swingman had been viewed as a near-certainty to come over to the Nets next season and step right into the rotation, but things have quickly changed.
Jason Kidd is now the head coach and after Thursday’s blockbuster trade radically altered the look of the rotation, the Nets need bench scoring, perferably from a proven commodity.
Theoretically, a deal could be struck to bring Bogdanovic over, but it seems unlikely. SNY.tv reiterated on May 28 that his buyout from Turkish League power Fenerbache was between $1 million and $1.5 million, which was viewed as ‘manageable’ by a source with direct knowledge of the situation.
NBA teams are only allowed to contribute $570,000 towards a buyout. In theory, after the Nets paid that, Bogdanovic would need to come up with the rest of the money, between $430,000 and $930,000. Bogdanovic would still need a deal larger than the rookie minimum for a move to the United States to make sense financially. The minimum salary for a rookie for the 2013-14 season is set at $490,180.
Josh Newman is SNYNets.com’s Field Reporter. Follow him on Twitter for up to the minute news and banter on all things related to the Brooklyn Nets and the NBA