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Nets Reach Agreement with Farmar on 3-year, $12 Million Contract

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The Nets announced Sunday night that they have reached an agreement with free agent point guard Jordan Farmar on a contract. The deal is reportedly worth $12 million over three years, with a player option for the third year. According to FanHouse, Farmar had been weighing multiple offers.

"Jordan will be an excellent complement to Devin in the backcourt," said Rod Thorn in the team's press release, also noting Farmar's "championship pedigree."  Over the past five years, Farmar's teams have won two NBA championships, lost in an NBA Finals and lost in an NCAA Championship Game.

Farmar, 6'2", started just two games in his four seasons with the Lakers, but averaged 19 minutes over the last three years and shot a career-high 38 percent from 3-point range last season. He's just 23 years old...but only the seventh youngest player on the roster.

Meanwhile, Dave D'Alessandro writes that the report of a contract offer to Udonis Haslem is "premature"  and that Haslem has a longer term, more lucrative offer from Dallas.

  • Farmar’s On Board - Al Iannazzone - In the 'Zzone
  • Jordan Farmar and Nets Agree to Three-Year Pact - Dave D'Alessandro - Star-Ledger
  • Nets sign Lakers' Farmar - Fred Kerber - New York Post
  • Nets, Farmar agree to 3-year, $12M deal - Al Iannazzone - The Record
  • Another joins the growing Nets Farm - Stefan Bondy - The InterNets
  • Farmar agrees to deal with New Jersey; leaving Lakers - Broderick Turner - Los Angeles Times Lakers Blog
  • Jordan Farmar's move to New Jersey could provide a bigger opportunity, or just more frustration - Mark Medina - Los Angeles Times Lakers Blog
  • Nets agree to terms with Lakers G Jordan Farmar - AP
  • Farmar, Nets reach three-year deal - Elliot Teaford - Pasadena Star-News
  • Farmar gets contract offer from New Jersey - Broderick Turner - Los Angeles Times Lakers Blog
  • Report: Jordan Farmar Receives Contract Offer From the Nets - Brett Pollakoff - FanHouse