Brooklyn Nets exercise team options on four players

Official: Nets keeping Keon Johnson, Jalen Wilson, Tyrese Martin and

On Saturday afternoon, the Brooklyn Nets announced they have exercised team options on four of their young rotation players: Keon Johnson, Tyrese Martin, Jalen Wilson and Drew Timme, one day after waiving Maxwell Lewis. All five had a Saturday deadline to extend their deals with Brooklyn.

All four are on vets minimum deals at around $2 million and are non-guaranteed, per Yossi Gozlan of Capsheets.com. Even after the options move, Gozlan reports that the Nets retain $45 million in cap space…

Johnson, Wilson and Timme have further option dates coming up which if not exercised can give the front office more flexibility and limit salary cap exposure.

Johnson and Wilson are now partially guaranteed at $271,614 and $88,075, respectively through NBA Opening Night, October 22. If they make the Nets final roster, Johnson’s guarantee jumps to $760,000 while Wilson’s goes to $381,695. Like all players on non and partially guaranteed deals. they and Timme can be waived up to January 10.

Lewis had an extension outstanding and the Nets will have to pay him $100,000.

Brooklyn has until Sunday to extend qualifying offers to their three restricted free agents: Cam Thomas, Day’Ron Sharpe and Ziaire Williams. Brooklyn has had exclusive negotiating rights with the three since last Monday. The team was expected to move onto their own free agents following the Draft. Also, Sunday, starting at 6:00 p.m. ET, the Nets can talk with other teams’ free agents, even extend them offer sheets that their current team has 48 hours to match. Sean Marks did that four times in his first two years, each time unsuccessfully.

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In another roster move involving last season’s roster, two-way Reese Beekman has signed an Exhibit 10 deal with the Denver Nuggets. He had been on a two-way with Brooklyn, having been acquired as part of the December trade that sent Dennis Schroeder to Golden State.