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Report: Nets near deal to extend GM Billy King’s contract

Apr 25, 2013, 6:39 PM EDT

Brooklyn Nets Press Conference Announcing Firing Of Head Coach Avery Johnson Getty Images

The Brooklyn Nets are happy with the work of Billy King.

Shake your head if you want, the Nets are about to extend the contract of their general manager, reports Adrian Wojnarowskiof Yahoo Sports.

The Brooklyn Nets are finalizing a multiyear contract extension with general manager Billy King, league sources told Yahoo! Sports. A formal announcement is expected in the near future, sources said.

King’s contract was set to expire this summer, but talks have been ongoing since the fall on a new deal.

When Mikhail Prokorov bought the Nets, King was tasked with putting together a team that could open the new Barclays Center in Brooklyn in style. King made the blockbuster trade for Deron Williams. He made a good run at Dwight Howard but when that didn’t work he kept Brook Lopez in house this summer (on a max deal). He grabbed Joe Johnson by trade last summer and had also traded for Gerald Wallace.

If you look at it in terms of raw numbers the moves worked — the Nets have improved 27 games from last season, jumping all the way up to four seed in the East. They are currently locked up 1-1 in the first round with the Chicago Bulls.

But the Nets are going to pay a steep price to make that leap — they took on the worst contract in the NBA in Joe Johnson (three years, $70 million left on the deal after this season). They are going to pay Kris Humphries $12 million next season, they have Gerald Wallace for three more years at $30.3 million dollars. There’s also Brook Lopez on with three years, $47 million after this season, but with his production as a scorer there is value there.

Basically, what you see is what you get with the Nets for a few years — they are locked into this roster. They are limited in who they can pick up as a taxpayer and they are not going to get value back in a trade for any of those contracts. The Nets are not a bad team, but they are not a contender and they are what they are for the next few seasons.

The other question that remains for King and Brooklyn — is P.J. Carlesimo the right coach for this team? The deal for the interim coach is up at the end of this season.

  1. Mr. Wright 212 - Apr 25, 2013 at 6:40 PM

    Good, they’ll never be a threat to the Knicks as long as he’s there.

  2. deadeyedesign23 - Apr 25, 2013 at 6:53 PM

    NOOOOOOOOOOOOOO

  3. bifford - Apr 25, 2013 at 6:59 PM

    99% of people would get fired for Joe Johnson.

  4. phaden27 - Apr 25, 2013 at 7:22 PM

    So what you’re saying is Schnooklyn fans now have two palms on their faces instead of one.

  5. JMClarkent - Apr 25, 2013 at 9:23 PM

    How much did he give Kris Humphries? “Hey Billy, thanks for making us the #4-5 seed until Deron Williams is too old to be effective.”

    • bougin89 - Apr 25, 2013 at 9:45 PM

      Humphries…overpaying for Gerald Wallace and sending the (I think, but my be wrong)#8 overall pick for him. Overpaying for the russian PF. If this guy had no limit on how much money he could spend then yeah, he probably would be a good GM.

      This team is locked into this roster for years without another GM pulling off some very creative trades. A roster that is aging quickly…Johnson, Williams, Wallace…

  6. badintent - Apr 25, 2013 at 11:30 PM

    And we all thought Isiah would be the next GM of the Nets. Shame on us.At least we didn’t get stuck with Colangelo

  7. coryfor3 - Apr 26, 2013 at 1:44 AM

    Johnson is a bad contract but not the worst. Come on. At least he is a good player. Overpaid? Yes. Worst contract? Nope.

    • Mr. Wright 212 - Apr 26, 2013 at 2:53 AM

      Name one whose is worse.

    • Mr. Wright 212 - Apr 26, 2013 at 2:55 AM

      And you can’t say Stoudemire, because when he was healthy, he was producing commensurately. Joe Johnson is nothing but a declining second fiddle option who disappears for halves or even 3/4 of games at a time.

      • bougin89 - Apr 26, 2013 at 10:35 AM

        “And you can’t say Stoudemire, because when he was healthy, he was producing commensurately.”

        Wow…riveting insight. Care to explain why the Knicks couldn’t get that contract insured?

        This is where I throw in Eric Gordon’s name in the mix. Johnson is paid just over 6 million more this year and he isn’t a malcontent, isn’t constantly injured(and in Gordon’s case it looks like he will always have knee issues), and is a better player. You can play the potential card with Gordon but I wouldn’t buy it. That contract had bust written all over it from the moment Gordon told the Pelicans he didn’t want them to match it.

  8. yousuxxors - Apr 26, 2013 at 4:51 AM

    stat can’t play more than 20 games in a season.

  9. scadevage - Apr 26, 2013 at 8:36 AM

    Oh man… Moves like this make me want to jump reaccess my fandom. This guy was terrible when he was with Philly and continues to overpay for over the hill players. I understand you need to make a spalsh when moving to Brooklyn and make the neccessary moves to keep Deron but signing Wallace, Johnson and Humpries to those deals will gaurentee the 4,5,6 seed for the foreseeable future. Look at Johnson now, signed until 2016 and is already dealing with the plantar. Gerald Wallace, conveniently nick named “Crash” will do so if he has not already. Love the guy as a player but his best days as a wreckless do it all 3 standpoint may be behind him. With all that can be said about Humphries , he put up solid numbers last year but Billy still managed to overpay him.

  10. bigmeechy74 - Apr 27, 2013 at 1:32 AM

    I’m sitting here on my couch with no experience but I honestly know for a fact I would do a better job than he has. Just by having common sense. The Gerald Wallace thing alone made me realize that.

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