The Brooklyn Nets’ unprecedented offseason spending spree continued Tuesday by agreeing to terms with starting power forward Kris Humphries on a two-year, $24 million contract, according to sources.
The 24-year-old Humphries averaged a double-double (13.8 points, 11 rebounds) last season for the Nets, finishing fifth in the league in rebounds per game and displaying his talents for scoring without plays being called and keeping possessions alive with his ability to hit the offensive boards. He looked like he’d be a cap casualty earlier in free agency as Brooklyn spent lavishly on keeping Deron Williams, Gerald Wallace and Brook Lopez, and took on the remaining $89 million of Joe Johnson‘s contract in a trade with the Hawks. But sources indicated last weekend that Humphries was likely to return to the Nets rather than accept a contract offer from the Charlotte Bobcats.
Brooklyn owner Mikhail Prokhorov is a billionaire and one of the world’s richest men, but his outlay this month has been stunning, even in the max contract world of the NBA. Prokhorov has okayed a $98 million contract for Williams, assuring the Nets would retain their franchise player; a $60 million extension for Lopez, a $40 million extension for Wallace, $24 million for Humphries, the aforementioned $89 million for Johnson, $9.5 million for European forward Mirza Teletovic, $5 million for free-agent forward Reggie Evans (acquired in a sign-and-trade with the Clippers), and $2.5 million for free agent guard C.J. Watson. Including a veteran minimum deal for guard Jerry Stackhouse, the Nets have committed somewhere in the neighborhood of $330 million in new deals since the start of the free agent period July 1.