The Brooklyn Nets are sitting on $24.7 million in cap space, and that flexibility has turned the Julius Randle deal into more than just a trade deadline formality.
Brooklyn traded for Randle on June 24, but the move still isn’t official because the team is weighing how to use that remaining room in free agency. The hold-up matters because the deal runs through three other teams - the Minnesota Timberwolves, Chicago Bulls and Charlotte Hornets - and the Nets can’t drag this out forever.
That cap space gives general manager Sean Marks a real chance to keep working. If Brooklyn waits, it can still sign or trade for another player, then sign Mo Wagner and acquire Randle through exceptions. One name that keeps coming up is Denver Nuggets forward Peyton Watson.
Watson is a restricted free agent, and Denver is getting awfully close to the second apron. The 6-foot-8 forward is seeking $25 million per year on his next deal, a number the Nuggets can’t really handle without making multiple cuts elsewhere.
Brooklyn, on the other hand, has the space to meet that price and send Denver assets back. But if the Nets want to do a sign-and-trade for Watson, that has to happen before they lock in the rest of their business.
That’s where the order of operations gets tricky. Once Brooklyn makes the Wagner signing and the Randle trade official, it would eat into the cap space the team is trying to preserve.
There’s also a more immediate basketball issue. Delaying the trade is holding up Joshua Jefferson’s summer league run. Since he was the No. 28 pick via Minnesota by Brooklyn, he can’t take the floor in summer league until the trade is finalized.
Meanwhile, Mikel Brown Jr. and Tyler Bilodeau have already played two summer league games. Jefferson is falling behind his fellow young players, and on a roster where those players are all fighting for position, that kind of delay matters for his growth.
Even with the holdup, Brooklyn has already put together an active offseason. The Nets added Randle, brought in three rookies, signed Keon Ellis and Wagner, and re-signed Day'Ron Sharp and Josh Minott.
Michael Porter Jr. could still become a trade candidate since he and the Nets haven’t agreed to a contract extension. But right now, that isn’t the biggest issue facing the team.
The Nets have cap space to use and decisions to make, but time is part of the equation too. Other teams are involved, and every day the trade stays unofficial is another day Joshua Jefferson loses in the system.
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