Kevin Durant Leaves Brooklyn More Than $300 Million—But No Rings—Richer
Share this @internewscast.com


Topline

The Brooklyn Nets traded Kevin Durant to the Phoenix Suns, sending several young players and future draft picks back to Brooklyn for the 13-time All Star, several outlets reported early Thursday— capping Durant’s four-season tenure with the Nets that failed to deliver on the hype but swelled the four-time champion’s pockets.

Key Facts

Phoenix shipped off wings Mikal Bridges, Cameron Johnson, Jae Crowder, their 2023, 2025, 2027 and 2029 unprotected first round picks to Brooklyn for Durant and forward T.J. Warren, according to ESPN’s Adrian Wojnarowski and the Athletic’s Shams Charania, while the Nets also received the right to swap 2028 first round picks with the Suns as a cherry on top.

Durant received $147.6 million in salary and incentive pay in his roughly three-and-a-half seasons in New York, according to Spotrac.

And Durant took home another $161 million in endorsements during his time he spent in Brooklyn, according to Forbes’ estimates, including the $45 million he netted this season in sponsorship deals from the likes of Nike, Coinbase and 2K Sports.

That brings Durant’s total earnings while with the Nets to $308.6 million, or roughly $2.4 million each of the 129 times he suited up for the Nets.

Key Background

Durant signed with the Nets alongside fellow star Kyrie Irving in the summer of 2019, and Durant missed the entire 2019-20 season due to an achilles injury. Despite sky-high expectations, the Nets never reached a conference, let alone NBA, finals with Durant and Irving, as Durant battled injuries and Irving struggled to stay off the court due to a variety of off-court incidents, including a 2021 suspension over his refusal to receive the Covid-19 vaccine and a suspension earlier this season for promoting antisemitic conspiracies.The Nets traded Irving to the Dallas Mavericks earlier this week. The 2014 league MVP and 2016 and 2017 finals MVP, Durant remains at the top of his craft at 34 years old, averaging 29.7 points per game on the best true shooting percentage of his career. Durant will join All-NBA guards Chris Paul and Devin Booker with the Suns, who are now the odds-on favorite to win the Western Conference.

Surprising Fact

Durant’s trade to Phoenix comes just two days after the league officially approved mortgage billionaire Mat Ishbia’s $4 billion purchase of the franchise.

Further Reading

Nets trade Kevin Durant to Suns, ending Brooklyn’s much-hyped hypothetical era (Athletic)

Kevin Durant Will Start His Next Final Chapter by Joining Another Superteam in Phoenix (Ringer)

Share this @internewscast.com
You May Also Like

Trump’s Strategy to Suppress China Might Be Missing the Mark

Unlock the Editor’s Digest for free The writer is a professor at…

Decline in Oil Prices Threatens US Shale Industry

US shale oil producers are facing their gravest threat in years, as…

Wall Street Decline Continues as Investors Worry Over Trump’s China Tariffs

Unlock the White House Watch newsletter for free A brutal sell-off on…

How Soon Will You Utilize Your Isa Allowance? Someone Maxed Out Their £20k in Just 11 Minutes Into the New Tax Year

While many investors were in meltdown after global markets tumbled on Friday,…

Are You Measuring Product Success Correctly? Here’s What You Might Be Missing.

Opinions expressed by Entrepreneur contributors are their own. As a product manager…

Gold Prices Fluctuating Due to Trump’s Trade War: Understanding the Volatility and How to Invest

The gold price has recovered to around $3,000 (£2,349) after seeing wild…

Potential Growth for Small Cap: Can Arc Minerals Follow in Greatland’s Footsteps?

Greatland Gold has shown it is possible for a mine developer to…

Trump’s Risk Impacts Everyone: US Bond Increase May Lead to UK Tax Raises, Warns ALEX BRUMMER

Everyone in finance has their own theory about the Trump mayhem. At…

New York State Court Judge Blocks Use of AI Avatar

A New York courtroom came face-to-face with artificial intelligence last month when…