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08:08 AM ET 07.18 | Mikhail Prokhorov can afford the expense, clearly, though it doesn't make the numbers any less staggering. After already handing out over $300 million of Russian billionaire owner Mikhail Prokhorov's money to revamp their roster as the team prepares to begin play in Brooklyn this fall, the Nets re-signed Kris Humphries yesterday to a two-year, $24 million contract. Humphries, 27, averaged career-highs of 13.8 points and 11.0 rebounds in 62 games last season. ... Retaining Humphries caps a wild 2 1/2 weeks for the Nets. The team has now committed somewhere in the neighborhood of $330 million in future contracts to 10 players either through trades or free-agent signings since the free-agency signing period began on July 1.

Deron Williams, Getty Images

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July 18, 2012 08:27 AM ET

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Kris Humphries 12 mil a year is crazy

JIGSAW

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July 18, 2012 08:40 AM ET

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Better start tallying up those luxury tax hits for next year.

TxHeat

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July 18, 2012 08:46 AM ET

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QUOTE(#2):

Originally posted 08:33 AM ET 07.18 by jgb

its only 2 years and the nets SMARTLY are sacrificing $$$ for talentThe hump may be a joke in the tabloids- but the kid is a playerThis is a SMART example of a RICH owner understanding that it is 'only $ and when you have the ability to retain a talent/asset for 'just' $, when you otherwise don't have the ability cause of cap implications...you RETAIN THE TALENT(clearly I am taking a jab a Dolan with this post as well)

the nets should have tried to bid for brand or Scola who were way cheaper in my opinion

JIGSAW

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July 18, 2012 08:46 AM ET

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QUOTE(#1):

Originally posted 08:27 AM ET 07.18 by JIGSAW

Kris Humphries 12 mil a year is crazy

+1. Kudos for your pay day though - its not the worst in the league considering you do produce for a half-decent to good PF. Time to get to work and purge that "former Kardashian" tag.

Spizzy

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July 18, 2012 08:47 AM ET

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Nice when you got a lot of Money, as a person who grew up in Brooklyn, I wish them well and I will make it my business, to go to a couple of Games this Year! Go Knicks!

Not4Nutten

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July 18, 2012 08:51 AM ET

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The Nets now have a starting five to compete in the East, maybe not with Miami (but who can?0, but surely with the other teams in the conference. Two years for Humphries is not too much, considering what he brings to the table. He can hit the boards which makes up for Brooks Lopez's deficiency on that department, and can put points on the board. Frankly, they did better signing Lopez and him, and not mortgaging their future to get Dwight Howard. Hopefully, this team will gel and someone else will get stuck with Howard - maybe Houston, it would serve them right.

blegs

New York, NY

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July 18, 2012 08:57 AM ET

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QUOTE(#1):

Originally posted 08:27 AM ET 07.18 by JIGSAW

Kris Humphries 12 mil a year is crazy

Kris Humphries is worth between 6 and 10 mil per year so 12 is an overkill. His agent did well here by getting him a few extra millions for the shorter length of contract since he'll be subject to trade rumors eternally for that kinda contract. He's a solid forward who should mesh in with JJ, D-Will and Brooks. I wish them health and I wish them good luck... let the rivalry begin!