UPDATE: Friday, July 12, 6:30 p.m. ET by Zach Buckley
According to a team press release on NBA.com, the Brooklyn Nets have officially signed veteran forward Andrei Kirilenko. While the Nets declined to release the contract details, USA Today's Jeff Zillgitt reports that the deal is worth $3.18 million for the 2013-14 season and includes a player option worth "roughly the same amount" for the following season.
Kirilenko will be leaned on to fill the perimeter stopper role that the Nets lost when they sent Gerald Wallace to the Boston Celtics earlier this summer. The 6'9" 11-year veteran holds career averages of 1.9 blocks and 1.4 steals.
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UPDATE: Wednesday, July 10, at 6:50 p.m. ET by Zach Buckley
Peter Vecsey, formerly of the New York Post, reports that Andrei Kirilenko has agreed to a deal with the Brooklyn Nets for the mini mid-level exception worth $3.1 million. Vecsey clarifies that a deal has only been agreed to and not yet signed. Sports Illustrated's Chris Mannix confirms the agreement.
Kirilenko's financial hit is staggering—he opted out of the final year of his contract with the Minnesota Timberwolves that would have paid him $10 million—but the revamped Brooklyn roster should give him a semi-realistic hope of competing for a title.
Whether he'll play a major role in guiding the Nets on their championship quest remains a mystery with Paul Pierce and Kevin Garnett enjoying an apparent stranglehold on the starting forward spots.
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UPDATE: Wednesday, July 10, at 5:11 p.m. ET by Dan Favale
Add free-agent forward Alan Anderson to the list of players the Nets will chase now since Bojan Bogdanovic will be staying overseas, according Yahoo Sports' Adrian Wojnarowski.
Previously, it was reported that the Nets would have interest in Andrei Kirilenko, though it doesn't appear they'll be able to afford him.
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NetsDaily.com reports that the Nets will consider pursuing free-agent forward Andrei Kirilenko now that Bojan Bogdanovic won't be headed to Brooklyn.
All the Nets currently have to offer is the mini mid-level exception, starting at a tad over $3 million annually.
Buying or Selling?
While unlikely as it was to see Kirilenko agree to a $7 million cut in pay, that's precisely what he's done by signing with the Nets.
Furthermore, after starting and making $10 million with the Minnesota Timberwolves last season, AK47 will now likely be coming off the bench behind Paul Pierce.
A strange and curious move for Kirilenko, but you have to officially buy him joining the Nets.