The New Jersey Nets have lost Bostjan Nachbar to Russian powerhouse Dynamo Moscow, the New York Post is reporting.

Nachbar is getting three years at $14.3 million, but he estimates it's more like three years for $30 million due to exchange rates and tax implications.

"For starters, here you lose half to taxes," he said.

"I'm happy with this deal, extremely happy. It's a once in a lifetime deal," Nachbar said. "I just couldn't turn it down even though I always wanted to stay in the NBA, and I wanted to remain with New Jersey."