Last year, Nets GM Sean Marks vowed that ownership — then split between Mikhail Prokhorov and Joe Tsai — would be willing to spend when the moment called for it.
Apparently the moment called. And Tsai answered by opening his wallet and spending big.
After landing Kevin Durant, Kyrie Irving and DeAndre Jordan all during the opening hours of free agency on June 30, the Nets gave Caris LeVert a three-year, $52.5 million rookie extension Sunday. It pushed their summer spree past $400 million.
“We already know we have an ownership group that’s ready to fork out the big money when that timing is right,” Marks said last year, when Prokhorov and Tsai were virtual co-owners.