The Washington Wizards have matched the Brooklyn Nets’ offer for restricted free agent Otto Porter Jr., according to multiple reports.
The Nets and Porter reached an agreement Wednesday on an offer sheet that would pay Porter the maximum of $106 million over four years.
The Wizards had two days to match the Nets’ offer. They had made it clear they intended to exercise their right to match any offer to Porter, a source reiterated to ESPN’s Ohm Youngmisuk on Tuesday night.
Porter now becomes the highest-paid Wizards player and has a no-trade clause for the season.
The Wizards’ salary increases to $126.5 million with the match of the offer sheet, and their current tax bill is $11.4 million, with 13 guaranteed and two non-guaranteed contracts.
The Nets’ cap space will not be available until Porter reports and passes a physical in Washington. Brooklyn will have $28.3 million in cap room once the deal is completed.
Brandon Jennings to play Next Season in China
Guard Brandon Jennings, who spent last season playing for the Knicks and Wizards, tells ESPN’s Marc Spears that he has accepted a one-year, $1.5 million deal to play for China Shanxi.
Source: Marc Spears of ESPN
Sources: Knicks Agree to Deal with Ramon Sessions
Free agent guard Ramon Sessions is finalizing a one-year deal with the New York Knicks, league sources tell The Vertical.
Sessions, Knicks have agreed on a one-year, $2.3M minimum deal.
Source: Shams Charania of The Vertical
Sources: Warriors Re-Sign Center JaVale McGee
The Golden State Warriors are re-signing center JaVale McGee to a one-year contract, sources told ESPN.
The deal is for the veteran’s minimum, the sources said. Golden State now has 15 guaranteed contracts, making their roster complete.
Source: Chris Haynes of ESPN