The Nets have signed free agent combo forward Willie Reed, the team announced via press release. Shams Charania of RealGM first reported the deal, which is for one year. It’s partially guaranteed for $500K, according to TNT’s David Aldridge (on Twitter). Neither report indicates a salary, but since Brooklyn’s taxpayer’s mid-level appears to have been used up on deals for Wayne Ellington and Shane Larkin, Reed is almost certainly getting the minimum salary.
Assuming so, Reed’s contract is worth $947,276, the two-year veteran’s minimum, even though he’s yet to appear in an NBA regular season game. That’s because he was on the roster for the Grizzlies during the 2012/13 regular season, and the Kings carried him in the 2013/14 season. The Nets had him during preseason last fall, but they cut him before the start of the regular season.
Reed earned his way back to Brooklyn with a strong showing on the Heat’s summer league team, as he averaged 13.5 points and 7.8 rebounds in 25.8 minutes per game across his first four contests. The 25-year-old, who went undrafted out of St. Louis in 2011, will now play for the Nets summer league team.