With the Sacramento Kings unable to present Otto Porter a max offer sheet even if they wanted to, the Brooklyn Nets have stepped into the picture by offering the Wizards' restricted free agent small forward the same deal of $106 million over four years, league sources confirmed to CSNmidatlantic.com.
For the Kings to re-enter the picture, they'd have to shed salary first but they clearly moved on after their meeting with Porter didn't lead to anything.
When Porter signs the sheet from Brooklyn, the Wizards will have 48 hours to match when the moratorium is lifted at 12:01 a.m. Thursday.
The Kings made two major signings Tuesday that ate up their available cap space by committing $81 million to point guard George Hill and power forward Zach Randolph.
The Nets have $32 million in cap room, more than enough space to offer Porter such a deal that will average $26.5 million per. The Kings were only left with $17 million in room.
The Wizards are planning to match any offer to Porter, league sources tell CSN.
Because of the Utah Jazz losing Gordon Hayward to the Boston Celtics, they could've been interested in Porter, too, before the Nets intervened. They didn't have the cap room, either, and would've had to make moves in advance.
When an offer sheet is matched, a sign-and-trade is off the table and the Wizards wouldn't be able to move Porter without his consent for a year. They also wouldn't be able to trade him to the Nets within that year window.
If Porter doesn't sign the offer sheet, the Wizards would have the latitude if they opted to move Porter in a sign-and-trade deal. The Nets, however, don't have many attractive pieces.