AP source: Tyler Johnson agrees to sign $50M offer with Nets
Tyler Johnson, who was undrafted two years ago, is about to become a $50 million man.
A person familiar with the negotiations tells The Associated Press that Johnson has agreed to sign a $50 million, four-year offer sheet with the Brooklyn Nets later this week.
The talks are ongoing and nothing is finalized, according to the person who spoke to the AP on condition of anonymity because the contract cannot be signed until Thursday. Once it's signed, the Miami Heat - the team that Johnson has played with for the last two seasons - would have three days to match the terms, which would appear unlikely given the way the deal is currently structured.
Johnson would make about $6 million annually in the first two years of the deal, then average about $19 million in each of the final two years of the contract. He met with several teams in Chicago in the past few days before making his decision.
Yahoo Sports first reported the agreement.
The Heat agreed to terms on a four-year, $98 million contract with center Hassan Whiteside on Friday, and Whiteside quickly congratulated Johnson on the still-not-completed deal when word came Sunday of the agreement.
Whiteside wrote, ''man i going to miss you bro.''
Johnson responded, ''crazy how the world works.''
Johnson made an average of about $500,000 in each of his first two NBA seasons, yet in this never-before-seen era of a massive $94.1 million salary cap for this coming season - with more increases to come - he will soon become locked into life-changing money.
Johnson was undrafted out of Fresno State two years ago and has averaged 7.4 points in 68 games with the Heat over two seasons. Johnson shot 49 percent last season, up from 42 percent in his rookie year.