Jazz Sign Raul Neto

8:47pm: The deal is for three years and $2.8MM, Adrian Wojnarowski of Yahoo! Sports tweets.

THURSDAY, 8:18pm: The Jazz have officially signed Neto to a multiyear contract, the team announced. The exact length and amount of the agreement were not released.

TUESDAY, 11:04am: Jazz draft-and-stash prospect Raul Neto isn’t expected to return to Murcia of Spain and will instead sign with Utah, his coach told David Pick of Eurobasket.com (Twitter link). It’s unclear if the Jazz and the 23-year-old have agreed to terms, but Neto traveled to Utah this weekend and he and the team were to discuss their future, as Jody Genessy of the Deseret News details, and he was already wearing team gear as of last night, Genessy tweets.

The 6’1″ Neto is speedy, with a high basketball IQ, but his outside shooting is poor, according to Pick (Twitter link). The native of Brazil nailed just 20.5% of his three-pointers this past season in Spain, and he averaged 8.9 points, 3.9 assists and 2.7 turnovers in 22.4 minutes per game.

The Jazz originally acquired his rights via trade in 2013, the day after the Hawks drafted him 47th overall. His contract with Murcia was to run though 2017, but it would appear as though the deal includes NBA out clauses. It’s unclear how much cost, if any, would be involved in a buyout from the Spanish team.

Utah has plenty of cap flexibility, even if the wake of its two-year, $4.5MM deal with Joe Ingles. The Jazz entered July with only about $49MM in guaranteed salary. They’ve also reportedly been in talks with draft-and-stash center Tibor Pleiss.

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