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Nets Gain $24.7 M Space, Add Randle and Draft Pick

7/9/2026

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Summary

Story summary

The Nets have $24.7 million in cap space after signing Keon Ellis, Day'Ron Sharpe, Josh Minott and Mo Wagner.
The team added No. 6 pick Mikel Brown Jr. in the 2026 draft and reportedly acquired forward Julius Randle via trade.
Analysts say Brooklyn could exceed the cap to sign Wagner on a mid-level deal and could also sign free-agent center Nick Richards, who posted 9.4 pts, 7.6 reb and 0.9 blk in his last 20 games.

History

Historical Context

After the NBA reinstated a salary cap in 1984-85 to promote competitive balance, the league’s soft-cap system has periodically risen—most notably to $58.044 million for the 2010-11 season, announced on July 7, 2010. That increase gave the then-New Jersey Nets room to sign veterans, and today the Brooklyn Nets carry $24.7 million in cap space, positioning them for mid-level free-agent moves.

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Story summary

The Nets have $24.7 million in cap space after signing Keon Ellis, Day'Ron Sharpe, Josh Minott and Mo Wagner.
The team added No. 6 pick Mikel Brown Jr. in the 2026 draft and reportedly acquired forward Julius Randle via trade.
Analysts say Brooklyn could exceed the cap to sign Wagner on a mid-level deal and could also sign free-agent center Nick Richards, who posted 9.4 pts, 7.6 reb and 0.9 blk in his last 20 games.

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