Nets Re-Sign Jason Collins To 10-Day Contract

WEDNESDAY, 9:12am: The Nets have officially signed Collins to a second 10-day deal, the team announced.

MARCH 3RD: The Nets will sign Collins to a second 10-day contract, tweets Adrian Wojnarowski of Yahoo! Sports. The signing will take place Wednesday, the day after his first deal ends.

FEBRUARY 27TH: Jason Collins is only four days and a pair of games into his first 10-day contract with the Nets, but it appears the team is ready to make a fuller commitment to the 35-year-old center. Brooklyn is “all but certain” to re-sign Collins for the rest of the season, writes Tim Bontemps of the New York Post. It’s not clear whether a contract for the balance of 2013/14 would come at the expiration of his current 10-day deal, or after the team issues him a second 10-day contract.

Collins made history shortly after signing Sunday when he entered Brooklyn’s game against the Lakers, becoming the first openly gay athlete to play in one of the four major North American professional sports. He’s had much less of an impact in box scores, having yet to tally a single point while grabbing just two rebounds in 18 total minutes. Still, Collins has long been known mostly for his inside presence and screen-setting, and has yet to reach 100 total points in any season since 2007/08.

The Nets still have an open roster spot even after the addition of Collins, so keeping him for the season won’t do much to hamper the team’s flexibility. Brooklyn is more than $30MM over the tax line, meaning the team is in line to pay $4.75 in tax for each dollar it spends. That didn’t stop the Nets from pursuing Jordan Hill and his $3.5MM salary before the trade deadline, so they probably won’t blink at what would likely be a minimum-salary arrangement for Collins that covers the rest of the season.