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Nets Sign Shaun Livingston

JULY 11TH, 11:33am: The Nets have officially signed Livingston, according to a team release.

JULY 6TH, 5:40pm: League sources reveal to Adrian Wojnarowski at Yahoo! Sports (Twitter) that the Nets have reached an agreement for a one-year, minimum deal with Shaun Livingston. As shown in the Hoops Rumors Agency Database, Livingston is repped by CAA's Henry Thomas.

  • Sam Amico of Fox Sports Ohio, confirms via Twitter. The move to grab the Cavs' back-up point guard this past year, means that the Nets' guaranteed salary equals close to $100.5MM for the coming 2013/14 season. Eric Pincus of HoopsWorld says that adding in the $80.2MM in taxes, the total Nets team payroll next season equals $180.7MM, which is an NBA record (Sulia link). 
  • The acqusition of the point guard Livingston comes on the heels of the Pacers signing last year's Deron Williams back-up, C.J. Watson. Jason Lloyd of the Akron Beacon Journal tweets that with combo guard Jack headed to the Cavs, and Livingston now gone to the Nets, the next player to leave the Cavs will be C.J. Miles
  • Livingston averaged 7.2 PPG and 3.6 APG in 49 outings for the Cavaliers last season in primarily a back-up role for Kyrie Irving.

4:50pm: The Nets are nearing an agreement with backup point guard Shaun Livingston, tweets Marc Stein of The client of Henry Thomas at Creative Artists Agency split last season between the Wizards and Cavs, and multiple reports have linked him to the Nets in the past week. Brooklyn is seeking point guard depth with C.J. Watson heading to the Pacers.

If they can't convince him to take the minimum salary, the Nets would have to use part of their taxpayer's mid-level exception to bring the 27-year-old Livingston aboard. Cleveland picked him up off waivers in December, and he exceled in a backup role behind Kyrie Irving, and even started a dozen games. He averaged 7.2 points with a 3.6/1.2 assists-to-turnover ratio in 23.2 minutes per game in Cleveland.

Spencer Lund contributed to this post.

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