JULY 8, 10:00pm: The Nets have officially signed Temple, the team announced today in a press release.
JUNE 30, 5:05pm: The Nets have agreed to a two-year, $10MM deal with Temple, agent Mark Bartelstein confirms to ESPN’s Adrian Wojnarowski (Twitter link).
JUNE 30, 3:41pm: Free agent guard/forward Garrett Temple is expected to sign with the Nets once he’s eligible to do so, reports Marc J. Spears of The Undefeated (via Twitter). According to Spears, Temple will likely sign a two-year, $10MM deal with a second-year team option.
Temple, 33, averaged 7.8 PPG, 2.9 RPG, and 1.4 APG in a total of 75 games last season for the Grizzlies and Clippers. He’s considered a solid defender and a fairly reliable three-point shooter too (.353 career 3PT%), though he struggled after a deadline deal sent him to the Clips.
Based on the reported terms of Temple’s deal, it sounds like the Nets will use the room exception to sign him. That’s the exception available to teams that go under the cap and then use up all their cap space. It starts at $4.77MM and has a two-year value of $9.77MM.
The Nets are reportedly planning to use a significant chunk of their cap room to sign Kyrie Irving, and they’re said to be confident in their chances to land Kevin Durant with the rest of their space.