Restricted free agent guard Tyler Johnson has reportedly inked a four-year, $50 million offer sheet from the Brooklyn Nets.
The Miami Heat will have three days to either match or let him walk.
Sources on @TheVertical: Brooklyn signs Miami restricted free agent Tyler Johnson to $50M offer sheet. https://t.co/MR3Tm290Ut
— Adrian Wojnarowski (@WojVerticalNBA) July 7, 2016
Johnson, 24, made $507,000 last season, his second in the NBA.
Per Yahoo:
The deal includes $18 million-plus and $19 million, plus “poison pill” provisions in years three and four of the deal designed to severely puncture the Heat’s salary cap and dissuade president Pat Riley from retaining Johnson.
Nevertheless, the departure of All-Star guard Dwyane Wade for a free-agent deal in Chicago late Wednesday could make the Heat more apt to match the sheet and retain Johnson.
For Johnson, the contract represents one of the most rapid financial ascensions in recent league history: from an undrafted NBA Development League guard in 2015, to participating in only 68 games over parts of the past two seasons, to a staggering market deal.
Keep up with the latest signings during the July free-agency period by following our 2016 NBA Free Agent Tracker.
