Report: Nene agrees to 4-year, $15 million deal with Rockets
The Rockets had a projected $10 million in cap space and a dilemma on their hands about what to do with backup center Nene.
Nene played solid basket for the Rockets this season averaging 9.1 points, 4.2 rebounds and .06 blocks while helping the team to a 55-27 record.
Last season the Brazilian F/C signed a one-year $2.9 million deal as a bargain contract coming off the bench.
The 35-year-old gets a slight raise and his deal is used under non-bird rights salary which means the Rockets can use both of their exceptions to sign other players.
It’s a good day for Houston, who gets to keep their big man who wanted to stay with the team, and still at a bargain.
Below is how Nene’s contract works out over 4 years according to cap guru David Weiner.
- 17-18: $3,477,600
- 18-19: $3,651,480
- 19-20: $3,825,360
- 20-21: $3,999,240
- Total: $14,953,680