Nets Sign Jerry Stackhouse

July 16 2012 at 2:01pm CST By Luke Adams

MONDAY, 2:01pm: The Nets have officially signed Stackhouse, the team announced (Twitter link). Stackhouse himself first tweeted the news: "Officially a member of The Brooklyn Nets… NYC here we come!!!"

WEDNESDAY, 9:38am: The Nets have agreed to terms on a one-year contract for Jerry Stackhouse, reports ESPN.com's Chad Ford (via Twitter). The deal will pay Stackhouse the veteran's minimum, approximately $1.35MM.

Because the Nets have made so many moves already this season, Stackhouse is likely to be the first of a handful of minimum-salary players that will fill out the team's roster. Brooklyn won't be able to use its full mid-level exception or bi-annual exception, and has committed to using the taxpayer mid-level on Mirza Teletovic, so trades and minimum-salary signings are the only way the club can add players now.

For Stackhouse, it's the third straight season in which he'll playing on a minimum-salary deal. He saw limited action for the Hawks in 2011/12, appearing in 30 games and averaging just 3.6 PPG in 9.1 MPG. The Nets will be the 37-year-old's eighth NBA team — he's also played for the 76ers, Pistons, Wizards, Mavericks, Bucks, Heat, and Hawks.

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