THURSDAY, 8:47am: The deal is official, the team announced via press release.
TUESDAY, 6:17pm: It’s a one-year, non-guaranteed pact, reports Zach Links of Hoops Rumors (Twitter link).
MONDAY, 12:03pm: The Nets will make Willie Reed their final addition for training camp, tweets Stefan Bondy of the New York Daily News. It’ll almost certainly be a minimum salary arrangement, since the Nets can’t give him any more, though it’s conceivable that the deal might cover multiple seasons and include a nominal guarantee. The client of Bell Management International had been a free agent since the Kings cut him loose in June.
Reed, a 6’9″ power forward, has twice signed during the regular season with NBA teams, but he’s never made an appearance in an official NBA game. The Grizzlies signed him just before the end of the 2012/13 season, and the Kings did the same as this past season came to a close. Both contracts included non-guaranteed salary for the following year, but Memphis waived him in training camp last fall, while the Kings released him just before this summer’s leaguewide free agency rush. Reed put up 9.2 points and 5.6 rebounds in 20.0 minutes per game for the Pacers in summer league play this year, while he averaged 14.7 PPG and 9.9 RPG in 31.1 MPG in the D-League this past season.
The 24-year-old will seemingly compete against fellow big men Jerome Jordan and Cory Jefferson for a spot on the Nets opening-night roster, with Brooklyn already carrying 13 fully guaranteed deals. Jefferson’s contract is partially guaranteed for $75K while Jordan has a non-guaranteed arrangement. Point guard Jorge Gutierrez‘s non-guaranteed deal becomes guaranteed for $25K if he makes it past Friday with the club, and while it appeared during the summer that shooting guard Michael Jenkins would camp with Brooklyn, it’s starting to sound as if the Nets won’t be signing him after all, if Reed is truly the final addition. Brooklyn was also set to bring Hamady Ndiaye to camp, but he failed his physical and the Nets voided his contract.