Derek Fisher Agrees to Deal with Oklahoma City Thunder

The Oklahoma City Thunder floundered in the playoffs without superstar point guard Russell Westbrook, and in an attempt to shore up the position and maintain some veteran leadership, they decided to bring back Derek Fisher on a one-year deal on Wednesday.

UPDATE: Wednesday, July 24, at 9:08 p.m. ET by Kyle Vassalo

Derek Fisher released a statement on his Instagram:

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Ken Berger of CBS Sports first reported the deal is expected to be for one year and $1.4 million:

The Thunder's official Twitter confirmed the news and included quotes from GM Sam Presti:

Fisher played 43 games with the Los Angeles Lakers in 2010-11 before joining the Thunder for 20 games that season. He then started last season with the Dallas Mavericks before rejoining the Thunder for 24 games.

Fisher, 38, played a huge role filling in last postseason following Westbrook’s season-ending knee injury, and should Westbrook experience issues upon his return, Fisher will be there to play a similar role in 2013-14.

Per Royce Young of CBS Sports, Fisher has “been committed to the Thunder for about a month now,” long expected to re-sign as the team attempted to acquire former Miami Heat guard Mike Miller. It comes as no surprise, then, that OKC would pull the trigger on officially signing Fisher now that Miller has agreed to sign with the Memphis Grizzlies, per Marc Stein of ESPN:

Reggie Jackson is still likely to fill the backup point guard role, but the re-signing of Fisher gives the Thunder some additional options. Along with his leadership and experience, Fisher could also see some time at shooting guard.

The 17-year vet has averaged 8.5 points and 3.1 assists for his career, including a 37.3 percent mark from behind the arc.