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Nets sign Wayne Ellington

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Gary A. Vasquez-USA TODAY Sports

Hours before they were to introduce their four big free agent acquisitions, the Nets announced they had signed a fifth, Wayne Ellington, a 6'4" shooting guard who averaged 10 points a game for the Lakers last season. The Nets used almost all of their remaining money --$1.5 million-- on the 27 year old with the 38 percent career three point percentage, Tim Bontemps reports.

The Nets are the fifth team Ellington has played for and the sixth he's been the property of since being drafted out of North Carolina in 2009.  He's played for Minnesota, Memphis (under Lionel Hollins), Dallas and L.A. and was briefly the property of the Knicks.

Ellington fills a critical need for Brooklyn, three-point shooting, particularly with the loss of Alan Anderson to the Wizards and the questionable status of Mirza Teletovic. Last year, when he was paid $2.5 million by the Lakers, he averaged 10 points a game, hitting 90 three pointers in 68 games, 36 of them starts. His career shooting percentage is over 38 percent.