JULY 12: The Sixers have officially signed Neto to his new contract, the team announced today in a press release.
“By adding Raul to our roster, we’ve gained an experienced and valuable veteran who is a tremendous passer with great court vision,” GM Elton Brand said in a statement. “We’re fortunate that he’s now a member of the 76ers and we’re eager to integrate him into our team.”
JULY 3: Raul Neto, who was waived Sunday by the Jazz, will sign with the Sixers when the moratorium lifts on Saturday, tweets Eric Woodyard of The Deseret News. It will be a one-year deal at the veteran’s minimum, according to Shams Charania of The Athletic (Twitter link).
Utah had to get rid of Neto’s $2.15MM salary to open enough cap space to complete a trade with Memphis for Mike Conley. Neto’s contract for next season would have become fully guaranteed on July 6.
Neto, 27, had spent his entire four-year career with the Jazz after they acquired his draft rights from the Hawks. He has been a valuable backup point guard at times, but has only played 40, 41 and 37 games the past three seasons. He averaged 5.3 points and 2.5 assists this year in about 13 minutes per night.