Nets’ Rod Thorn Planning to Step Down

Reportedly unhappy with the pay cut Mikhail Prokhorov has offered, Nets president Rod Thorn will reportedly resign his position on July 15. The Nets are believed to be putting together a three-year offer to lure Bryan Colangelo (then again, could it be Bryan’s father… or Jerry West?) as Thorn’s replacement: “[Thorn’s] current contract expires June 30, but he has yet to sign a new deal. […] Former Suns chairman and current USA basketball director Jerry Colangelo is the leading candidate to replace Thorn, who will be involved in picking his successor. Prokhorov wants a big name and likes the job Colangelo did with the U.S. Men’s Olympic team. Colangelo also has relationships with the top free agents in the upcoming class, which could help the Nets in recruiting them as well as ease the transition from Thorn’s reign. A league source said Colangelo will be offered a three-year deal for roughly $12 million to $15 million.”