Free Agency Diary 2017
Report: Wizards Match Nets’ $106M Offer for Otto Porter
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All posts by Basketball InsidersUpdated8 hours ago on April 24, 2024
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.
Source: ESPN
