The Brooklyn Nets have signed free agent point guard Shane Larkin to a two-year deal worth around $3 million, according to Adrian Wojnarowski of Yahoo! Sports.
Shane Larkin confirms that he's joining the Nets, as @WojYahooNBA tweeted. "Very excited to be a Net," he said. "Great opportunity for me."
— Alex Kennedy (@AlexKennedyNBA) July 2, 2015
That deal will likely come out of the team’s taxpayer mid-level exception. The Nets still have the remainder — a little over $1.5 million — to use on another free agent if they wish.
The second year comes with a player option, Wojnarowski reports.
The 22-year-old point guard out of Miami played last season with the New York Knicks, averaging 6.2 points, 3.0 assists, and 2.3 rebounds in 24.5 minutes per game. The Nets will be his third team in three NBA seasons.
Larkin brings the total number of point guards on the Nets to four, joining Deron Williams, Jarrett Jack, and Steve Blake. Teams normally do not keep more than three point guards on a roster, so Larkin could be insurance should the Nets find a way to deal one of their other three guards.
Larkin has one quirky tie to the Nets: he was drafted 18th overall by the Atlanta Hawks in 2013, with a pick given to the Hawks by the Nets as part of the package for Joe Johnson. The Hawks dealt him away on draft night.
Yahoo! Sports — Sources: Guard Shane Larkin agrees to deal with Nets