AUGUST 5: The Nets have officially signed Ferrell, the team announced today in a press release.
JULY 22: Nearly a month after the Nets’ agreement with Ferrell was initially reported, it looks like it’s close to being made official. Michael Scotto of The Associated Press tweets that it will just be a one-year deal for Ferrell.
JUNE 24: The Nets and Yogi Ferrell have agreed to a partially guaranteed deal, according to Jake Fischer of Liberty Ballers (Twitter link). Fischer adds that Ferrell turned down several draft-and-stash opportunities, presumably in the second round.
Ferrell started all four years while attending Indiana and he averaged 17.3 points, 5.6 assists and 1.1 steals per game during his senior season. Jonathan Givony of Draft Express ranks him as the 63rd best prospect in the draft.
The Nets don’t have a strong option at the point guard position on their roster. Incumbent starter Jarrett Jack, who played well last season before tearing his ACL, is no lock to return, as GM Sean Marks indicated that the team is still undecided on whether to pick up his team option. If Ferrell impresses early on, he could end up being part of the team’s rotation next season, though that’s merely my speculation.