Kings Sign Caron Butler

4:00pm: The signing is official, the Kings announced.

JULY 23RD, 3:09pm: Butler has already visited the Kings to sign his contract, and a formal announcement should come soon, tweets Jason Jones of The Sacramento Bee.

2:25pm: The deal is worth a total of $3MM, tweets Jeff Zillgitt of USA Today, though it appears he’s rounding down. The least he could make over two years would be $3,050,846. In any case, the deal is ostensibly for the minimum.

2:19pm: Year two is a player option, Wojnarowski writes.

JULY 10TH, 1:56pm: The Kings and Caron Butler have agreed on a two-year deal, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Butler recently became a free agent after the Bucks, who had just acquired him via trade from the Pistons, waived him rather than guarantee what would have been a $4.5MM salary.

The ThunderBulls, Clippers, Spurs, Lakers and Knicks were all reportedly eyeing him as July neared, and the Cavaliers apparently made consistent contact. Instead, Butler appears headed to Sacramento, which used the cap flexibility it’s secured in its trade with the Sixers to come to agreements with a handful of players already.

The Raymond Brothers client figures to provide depth behind Rudy Gay at small forward, and perhaps play alongside Gay in small-ball configurations. Butler, 35, has mostly been a reserve the past two seasons with the Bucks, Thunder and Pistons, though he started 21 games this year for Detroit.

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