The Brooklyn Nets have officially signed Bojan Bogdanovic to a three-year contract using their taxpayer mid-level exception, the team announced today.
The team originally drafted Bogdanovic 31st overall (the top pick in the second round) in the 2011 NBA draft, acquiring him in a draft-day trade. He’s played overseas ever since, even after it appeared imminent that the team would sign him last offseason before they signed Andrei Kirilenko to a two-year contract.
“Having drafted Bojan in 2011, it is rewarding to finally welcome him to the Nets,” Nets general manager Billy King said in a prepared statement. “We obviously have a high regard for his game, and we are glad he will now bring that talent to Brooklyn.”
King said earlier this month that he’d discussed how Bogdanovic would be best utilized with Lionel Hollins during the team’s interview process with their new head coach.
Bogdanovic’s contract will cost the Nets about $10.1 million over three years. Given their current roster construction, his contract will cost roughly $10 million additional this season in luxury tax payments.