The team is now looking to secure their own players and have done so by reaching an agreement with young shooting guard / small forward Caris LeVert.
Best of all for LeVert, he got his big payday on his 25th birthday.
LeVert showed flashes of All-Star potential early last season with the Nets, averaging over 18 points per game, and then suffered a dislocated ankle.
LeVert's success opened the eyes of the front office and they have now rewarded him with a three-year, $52.5 million extension.
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The Nets respect the way LeVert has overcome injuries dating to college at MI, and view him as an important piece of a team that signed superstars Kevin Durant and Kyrie Irving in July. That includes free agent pickups Kevin Durant, Kyrie Irving and DeAndre Jordan, as well as veteran Spencer Dinwiddie.
The Nets now have $121 million in salary for the 2020-21 season.
The Nets finished last season with a 42-40 record and made the playoffs for the first time since 2014-15, where they were eliminated by the 76ers in five games.
Caris LeVert has agreed a "multi-year" contract extension with the Brooklyn Nets, the team confirmed on Monday. "The $17.5M per year average ranks only behind Rudy Gobert ($22.5M) for a player who was selected in the 20's of the NBA Draft and signed a rookie extension", ESPN's Bobby Marks wrote.