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 Post subject: Nenad Krstic to Oklahoma City?
PostPosted: Fri Dec 19, 2008 4:45 pm 
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Nenad Krstic to Oklahoma City?

by: Jonathan Givony - President
December 19, 2008
Nenad Krstic is close to signing a 3-year, 16 million dollar contract with the Oklahoma City Thunder, multiple sources in the US and Europe told DraftExpress.com.

The 7-foot Serbian center is currently under contract with Russian team Triumph Moscow (after signing a two year, six million Euro deal this summer), but will be able to buy himself out of his deal due to his displeasure with his current situation.

Krstic will reportedly give back all the money he received from Triumph so far this season in order to break the contract, although Oklahoma City will be able to contribute $500,000 under NBA rules if needed.


Quote:
It’s important to note that Krstic is currently a restricted free agent, with his NBA rights still held by the New Jersey Nets. With the Nets having 15 guaranteed contracts on their roster, and a deep frontline (with seven players who are either power forwards or centers), it’s expected that they will not match Oklahoma City’s offer sheet. The team is trying to maintain as much cap space as possible for the summer of 2010, and the third year on Krstic’s deal would hinder them in that regard.

The team is in a big financial crunch, as shares of Nets owner Bruce Ratner’s company, Forest City Enterprises, have fallen 92% in a year and a half, from $70 to just under 6$, and the team has laid off employees (even in the front office) as recently as last week. Forest City reported losses of 30 million dollars on the Nets over the first nine months of 2008. A number of articles released recently again put in question the feasibility of the Atlantic Yards project, which would move the Nets to Brooklyn in 2011.


http://www.draftexpress.com/blog/Jonathan-Givony/

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