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Lakers Won’t Use Stretch Provision on Nash

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The deadline for the Lakers to use the “stretch” provision on Steve Nash passed over the weekend.

The 40-year-old point guard is heading into his third year with the team, earning $9.7 million for the 2014-15 season.

Had the Lakers waived Nash prior to September, they would have been able to stretch his salary over the next three years at around $3.2 million annually.

The team considered increasing its spending power by stretching Nash’s salary, but when its top free-agent targets (LeBron James, Carmelo Anthony and Chris Bosh) signed elsewhere, the Lakers chose instead to protect their cap space over the next two summers — sticking with the NBA’s oldest player for a final season.

via Eric Pincus of the Los Angeles Times

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Sources: NBA Updates Salary Cap Projections for Future Seasons

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Sources: The NBA has informed its teams of updated projected salary cap and tax level for 2019-20 ($109M, $132M) and 2020-21 ($118M, $143M).

Sources: Shams Charania on Twitter

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Sources: Pelicans, Jarrett Jack Agree to Deal

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Free agent guard Jarrett Jack has agreed to a one-year deal with the New Orleans Pelicans, per league sources.

Source: Shams Charania on Twitter

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Spurs Name Brent Barry VP of Basketball Operations

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The San Antonio Spurs hired television analyst and 14-year NBA veteran Brent Barry to their front office, naming him vice president of basketball operations Monday.

Barry, who won titles in 2005 and 2007 with the Spurs, has been considering a move into an NBA front-office role for several years.

Source: Adrian Wojnarowski of ESPN

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