Nets to Sign Restricted Free Agent Tyler Johnson to a $50M Offer Sheet

The Brooklyn Nets and restricted free agent Tyler Johnson have agreed to a four-year, $50 million offer sheet that will be signed on July 7th.

Johnson’s 2015-2016 team, the Miami Heat, will have three days to match the offer sheet or let Johnson go to Brooklyn once he officially signs it.

Brooklyn’s offer sheet will pay Johnson $5,628,000 the first year, $5,881,260 the second year, and $18,858,765 and $19,631,975 in the final two years of the deal that will include a player option for the fourth year of the deal, according to ESPN.

The contract structure the Nets used with Johnson is similar to the tactic the Houston Rockets used to lure Jeremy Lin away from the New York Knicks in 2012. The Nets recently agreed to a three-year deal, $36 million deal with Lin, and are expected to start him and Johnson in their backcourt if Miami doesn’t mach the offer sheet.

Johnson, who missed 46 games in the regular season due to shoulder surgery, averaged 8.7 points, 2.2 assists, and 3 rebounds per game as Miami’s back-up point guard behind Goran Dragic.

Miami’s most notable free agent on the market right now in Dwyane Wade, tweeted his congratulations to Johnson, who went from the NBA’s Development League to a $50 million player in the NBA:

The Heat currently have a $1.2 million cap hold due to Johnson, and if they match the offer sheet, the hold will increase to $5.6 million. The final two years of the deal is the reason most expect the Heat not to match the offer, with Chris Bosh, Hassan Whiteside, and Goran Dragic all scheduled to make $18 million-plus through 2018-2020.

In Miami, Johnson was apart of the Heat’s young core that featured Miami’s 2015 draft picks Justise Winslow and Josh Richardson. Johnson’s ability to play both point guard and shooting guard while shooting the three ball at a 37% clip makes him tough to let go, but due to the Heat’s cap flux, it seems likely that’s what will happen.

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Published by Tony Montalto

Twitter: @montalto_tony

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