After making the playoffs for the first time in six years during the 2012–13 season, the Nets had a busy off-season which featured the hiring of Jason Kidd (who played for the then-New Jersey Nets from 2001 to 2008 and led the Nets to the NBA Finals in 2002 and 2003) as the head coach. The Nets also traded Gerald Wallace, Kris Humphries, and three future draft picks to the Celtics for all-stars Kevin Garnett and Paul Pierce, along with Jason Terry. These transactions led to the Nets having the largest payroll in the NBA, and high expectations heading into the season. The Nets would go on to upset the Toronto Raptors in seven games in the first round of the 2014 playoffs. However, in the Semifinals, the Nets would go on to lose to the defending two-time NBA champion Miami Heat in five games.
Following the season, Paul Pierce signed with the Washington Wizards.