MAY 13: The Nets have officially re-signed James to a rest-of-season contract, the team announced today in a press release.
Dionysis Aravantinos of Eurohoops.com first reported last week that James was expected to receive a rest-of-season deal once his second 10-day contract expired.
James has been productive since coming to Brooklyn, getting into 10 games and averaging 6.6 points, 2.2 rebounds and 3.6 assists in 16.6 minutes per night. The move leaves the Nets with a full roster, which probably won’t change between now and the playoffs.
“We’ve been really happy with Mike and what he’s brought to the team,” coach Steve Nash told reporters, including Brian Lewis of The New York Post, before tonight’s game.
The 30-year-old guard isn’t eligible for a multiyear contract because his rights for the next two seasons belong to CSKA Moscow. He left the Russian team in March after an altercation with coach Dimitris Itoudis.