Miami Heat restricted free-agent guard Tyler Johnson has agreed to sign a four-year, $50 million offer sheet with the Brooklyn Nets, league sources told The Vertical.
For Johnson, the contract represents one of the most rapid financial ascensions in recent league history: From an undrafted NBA Development League guard in 2015, to participating in only 68 games over parts of the past two seasons, to a staggering poison-pill contract that guarantees seasons of $18.8 million and $19.6 million in the final two years of the deal.
Johnson’s agents with CAA Sports – Austin Brown and Ty Sullivan – brought him to Chicago over the weekend to meet with several teams, including the Nets.
The Gilbert Arenas provision allows Johnson to make $5.6 million and $5.8 million in the first two years of the deal, but salaries of $18.8 million and $19.6 million in 2018-19 and 2019-20 make the offer sheet more prohibitive for the Heat to match.
Johnson had several comparable offer sheets, but the opportunity for playing time in Brooklyn, the chance to play for new coach Kenny Atkinson and under general manager Sean Marks’ evolving new shingle sold him on Brooklyn.