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Report: Nene to opt out, become free agent

Posted on: June 30, 2011 1:31 am
Edited on: June 30, 2011 6:41 am
 
Denver Nuggets center Nene Hilarious will reportedly opt out and become a free agent. Posted by Ben Golliver. nene-hilario

The free agent class of 2011 isn't particularly strong. But it should be adding a fairly big name near the top.

The Denver Post reports that Denver Nuggets center Nene Hilario will opt out of the final year of his contract to become a free agent.
Nene is set to officially become a free agent.

The Nuggets starting center will opt out of the final year of his contract worth about $12 million and, as a result, become an unrestricted free agent, a source said Wednesday night. It means Nene can sign with any team without the Nuggets getting a chance to match the offer when free agency begins after the expected NBA lockout, which should begin Friday.

Nene had until Thursday to make a final decision.
Nene becomes arguably the second most desireable free agent on the entire market, trailing only Memphis Grizzlies center Marc Gasol. His combination of size, athleticism, experience, proven production and age combine to make him a very attractive pick-up.  

The Nuggets, with Chris Andersen and Timofey Mozgov as their only big men currently under contract for next season, will be up a bit of a creek if they lose him to someone in free agency. 

Nene, 28, averaged 14.5 points and 7.6 rebounds in 75 games last season. Over the last three seasons, his production has been very consistent, as he's averaged roughly 14 points, more than 7.5 rebounds and at least a block per game.  He's showing no real signs of slippage -- indeed, he posted a careeer-high 61.5% field goal shooting this year -- and has missed just 12 combined games in the last three seasons.

His opt-out decision comes as a bit of a surprise, although he hinted that he would test free agency back in May. A few weeks ago, reports circulated that the Nuggets were close to an agreement, but nothing came to fruition. Their efforts to re-sign him will surely continue.

Here's a link to the 2011 NBA Free Agency tracker, where you can keep tabs on this year's entire crop.

Comments

Since: Nov 27, 2006
Posted on: June 30, 2011 8:34 am
 

Report: Nene to opt out, become free agent

do the nugs get compensation for this?



Since: Oct 23, 2009
Posted on: June 30, 2011 7:51 am
 

Report: Nene to opt out, become free agent

I'm a Chitown fan and we could really use Nene and take over the East. DRose, Deng, Boozer, Noah, and Nene plus we've got some bench.


Chicago Bulls   




Since: Sep 7, 2008
Posted on: June 30, 2011 7:49 am
 

Report: Nene to opt out, become free agent

Blazers



Since: Jul 2, 2009
Posted on: June 30, 2011 7:33 am
 

Report: Nene to opt out, become free agent


I am a KNICK fan and at last check, I noticed that we could use some low post presence.  We drafted Nene, he should come back home and he would be familiar with playing with Melo and Chauncey.  The KNICKS actually could afford Nene, we would not be able to offer a max contract but we could pay him more than the Heat.

With Amare, Melo, Nene, Chauncey, all we would need is a spotup 2guard, and we have more dept coming off of the bench than the Heat. I hope Nene comes back to NY, I think we could challenge for a title with a quality center like Nene.  



Since: Jan 30, 2009
Posted on: June 30, 2011 5:56 am
 

Report: Nene to opt out, become free agent

Wolves



Since: Dec 15, 2007
Posted on: June 30, 2011 5:34 am
 

Report: Nene to opt out, become free agent

I don't believe the Heat will have the cap room to sign Nene, however it seems like the Heat want to become the NBA version of the Yankee's and overstock on talent which is ridiculous! So the only thing I can say to that affect is if they do so then im with Chauncey Billups when he said doesn't matter how much talent you have a team alway's beats talent atleast most of the time.


Go Knicks!!! 



Since: Dec 5, 2006
Posted on: June 30, 2011 2:24 am
 

Report: Nene to opt out, become free agent

A comprehensive primer, Ben. Clear and concise. The issues are established but the spin continues from both sides attempting to turn the tide of public opinion against the opposition. This is understandable, kind of like an animal trapped in metal jaws will chew its leg off to escape. We are almost to the point where the players and the owners might as well cancel the season because the revenue has already been damaged.

The easiest way to fix that problem, of course, is to drastically reduce costs associated with players. In other words, by cutting their salaries significantly.
It is not only the easiest way to fix the problem but the only way to fix the problem. The players salaries make any other cost for a team, including building acquisition and maintenance costs, minimal. The split of BRI is actually the secondary problem, however, as the hard cap issue accounts for an even larger disparity. The NFL has reportedly recently reached a tentative agreement with its players to lower its players' split of BRI from 53% to 48%. The NBA at 57% for its players is just out of whack. Newer owners who have spent on average of about $375M for their team have a reasonable need for return on that investment. The losses of $300M added to a 10% return on investment would put the deficit at about $1.5B. The owners must believe that the future revenue streams will increase significantly, as they have offered to guarantee players $2B (of $3.8B currently) per year over the life of the contract.

By and large, the players are mostly indifferent on this issue. They care less about how the owners divvy up their money and more about what slice of the Basketball-Related Income pie they receive themselves.
The players have been public in their demands for revenue sharing and they do have an interest. Both the players and the owners have benefit in a league of 30 competitive teams. To gain this parity it is not only essential to level the revenue disparity but to level the salary expenditure disparity. When the top salary spending team spends $70M more than the bottom spending team against a salary cap of $58M it highlights the issue. A hard cap plus revenue sharing seems to be the answer. Again we can look at the NFL with its far more successful financial model to see both a hard cap and revenue sharing. The reason revenue sharing has to be an issue it that the salary cap is set at 1/30 of the players' BRI split (less a bit for player benefits). If the Lakers take in $3B, that revenue is added to the BRI and Portland will see the salary cap increase without the same revenue stream to meet that increase.



Since: Dec 18, 2006
Posted on: June 30, 2011 1:43 am
 

Report: Nene to opt out, become free agent

Oh oh, I smell South Beach. If he ends up in Miami, that should be considered an illegal move, that would be so so so wrong with the NBA.


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