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Net Owners Reportedly Reject $90-Million Deal for Coleman

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From Staff and Wire Reports

Owners of the New Jersey Nets have rejected a nine-year, $90-million contract proposal for Derrick Coleman that would have made the All-Star forward the highest paid player in sports, the New York Times reported today.

The veto of the deal came after Willis Reed, the club’s vice president and general manager, had reached an agreement with Coleman.

Reed has been instructed by the owners to explore a trade for Coleman, according to the paper. Coleman’s current contract would make him a free agent after next season.

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Baseball

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