This is a huge blow to Houston. The Rockets are now stuck with an over-the-hill center they can’t trade for value and can’t play much without triggering bonuses that’ll make him way overpaid.
If they had known how this would turn out, they would’ve signed Nene to a one-year minimum contract at most. At least that’d be partially subsidized by the league. Because this is is a two-year deal, Houston is on the hook for the full base salary.
The Rockets got a valuable trade chip with Nene’s contract.
At least if the deal goes through.
Bobby Marks of ESPN:
Although Nene signed with the Houston Rockets on Sept. 6, the NBA has yet to officially approve the deal. The 10-day delay is a result of the NBA discussing internally whether it should disapprove details in the contract, according to multiple sources.
Nene’s contract includes a low base salary with a massive amount of likely incentives. Houston could count Nene’s full $10 million salary (base plus likely incentives) in a trade. The acquiring team would then owe Nene his base salary plus only the bonuses he actually triggers.