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Report: Nets signing Taurean Prince to two-year, $29M extension

Los Angeles Lakers v Brooklyn Nets - NBA China Games 2019

SHENZHEN, CHINA - OCTOBER 12: Taurean Prince #2 of the Brooklyn Nets in action during the match against the Los Angeles Lakers during a preseason game as part of 2019 NBA Global Games China at Shenzhen Universiade Center on October 12, 2019 in Shenzhen, Guangdong, China. (Photo by Zhong Zhi/Getty Images)

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The Nets traded two first-round picks to the Hawks to clear double-max(-ish) cap space for Kevin Durant and Kyrie Irving.

And get Taurean Prince.

Prince was an afterthought in his trade to Brooklyn, which signaled the Nets’ big summer. But Brooklyn acquired him for a reason and will pay to secure him longer.

Adrian Wojnarowski of ESPN:

Considering this information came from his agent, this is almost certainly the most favorable framing of terms. Maybe Prince got all $29 million guaranteed. But if there are any incentives, I bet that $29 million counts them as achieved.

The Nets are trying to build a championship contender. This deal gives them multiple avenues for uisng Prince.

His contract could help for salary-matching in a bigger trade. I can’t recall the rookie-scale extension so short, if there ever was one. Two years are not an especially long commitment. That hints at using this deal as a trade chip. So does Brooklyn extending Prince before he played a regular-season game there.

Of course, Prince has a track record from Atlanta. He’s a good outside shooter with the frame to defend well when engaged. Maybe the Nets really believe in his long-term potential. He fell out of favor with the Hawks only after they changed general managers.

The Nets needn’t decide on Prince’s long-term future now. They have paid for team control for the next three seasons (including this season, the final year of his rookie-scale contract). They can monitor how he plays – and what trades become available.