Free Agency, Otto Porter, Brooklyn Nets, Washington Wizards
On Saturday, the Wizards matched Porter’s four-year, $106.5 million max contract offer sheet by the Brooklyn Nets, according to a league source. The deal comes into effect for the upcoming 2017-18 season, in which Porter will make $24.8 million and be the team’s highest paid player. The Wizards will exceed the luxury tax line for the first time in franchise history. – via Washington Post
estimated 2017-18 salary will be $126.1 million, which will be $10.7 million over the luxury tax line. Per NBA rules, Porter has 48 hours to report to the team to take his physical. From there, the Wizards have another 48 hours to file the process to the league. So the deal will not be finalized completely until next Wednesday evening. – via Washington Post