Ben Simmons and the Brooklyn Nets have agreed to a contract buyout, reports ESPN. Simmons will meet with the Cleveland Cavaliers and LA Clippers as he decides on which team to sign with post-buyout. Chris Haynes adds that Simmons will also meet with the Houston Rockets.
As Simmons was on an expiring $40.3 million contract, this has no impact on the Nets cap space plans for the summer of 2025. Brooklyn projects to have a league-high $50 million-plus in space this offseason.
Because Simmons made more than the equivalent of the Non-Taxpayer MLE on his current contract, he’s prohibited from signing with any team over the tax apron. Those teams are the Phoenix Suns, Minnesota Timberwolves, Boston Celtics, New York Knicks, Los Angeles Lakers, Milwaukee Bucks and Denver Nuggets.
In addition, the Dallas Mavericks and Golden State Warriors are so tight to their first apron hard caps that they can’t fit in a veteran minimum signing.
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