UPDATE (July 3, 10:14 a.m. EST): Nene has agreed to a three-year, $11 million deal with the Rockets after initially agreeing to a four-year deal worth $15 million.
His first contract was reportedly voided due to the new over-38 rule.
Nene agrees to a 3-year, $11M deal, per source. https://t.co/ulqGFLMGsP
— Adrian Wojnarowski (@wojespn) July 2, 2017
ORIGINAL STORY: Rockets’ big man Nene is re-signing on a 4-year, $15 million deal, according to Jonathan Feigen of the Houston Chronicle:
Rockets reach an agreement with Nene on a four year, $15 million contract, source said.
— Jonathan Feigen (@Jonathan_Feigen) July 1, 2017
Nene after the season: “They brought the real Nene back. Here, I got young. I got healthy. And I got happy. Of course, I want to be back.”
— Jonathan Feigen (@Jonathan_Feigen) July 1, 2017
UPDATE:
Nene, unhappy with a pay decrease has reentered free agency.
Sources: Nene, Rockets unable to finalize an agreement on his contract. He has reentered free agency.
— Shams Charania (@ShamsCharania) July 1, 2017
Free agent Nene is very disappointed about his $4 million drop in expected contract & is "back at square one in free agency," a source said. https://t.co/FiVWzbl6Ou
— Marc J. Spears (@MarcJSpears) July 1, 2017
UPDATE:
ESPN is now reporting that it was the Rockets, not Nene, that pulled back on their originally agreed-to deal. Here’s more straight from a new ESPN article:
Nene and the Rockets agreed to terms on a four-year, $15 million deal with the Rockets on Friday. Houston, however, was not permitted to offer a four-year contract because of the Over 38 rule.
The fourth season of the initially proposed contract would have been during Nene’s 38th birthday. The Rockets have countered with a three-year, $10 million offer to Nene that he has not accepted, a source said.
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2017 NBA Free Agent Tracker
