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Nets sign Dinwiddie after waiving Ferrell

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NBA:  Summer League-Final-Chicago Bulls vs Minnesota Timberwolves Stephen R. Sylvanie-USA TODAY Sports

The Nets waived Yogi Ferrell, their undrafted rookie point guard, Thursday, then quickly signed Spencer Dinwiddie, a 6’6” point guard off the the Windy City Bulls, giving him a three-year, non-guaranteed deal. Adrian Wojnarowski broke the news...

Dinwiddie, who is a month older than Ferrell, was drafted by the Pistons in 2014 and has played 46 games in the NBA, starting one. He was traded by the Pistons to the Bulls last June and was cut by Chicago in October and assigned to their D-League affiliate. He’s averaging 19.4 points and 8.0 assists.

In a game vs. the Long Island Nets at Barclays Center 10 days ago, Dinwiddie put up 25 points and 12 assists while shooting 8-of-15, 3-of-4 from deep. Here’s the D-League highlights from the game.

He was ranked the seventh best D-League prospect this week.

Dinwiddie had a stellar career at Colorado, but tore his ACL his junior year, and like the Nets Caris LeVert dropped in the draft, falling to 38th on Draft Night 2014. He has not been bothered by knee issues since.

Ferrell, a 6-foot point guard out of Indiana, was signed to a training camp contract and given a $100,000 guarantee. As training camp ended, Ferrell was the last player cut. Then, in early November, after being signed by Long Island, Ferrell was brought up, filling in after Jeremy Lin, Isaiah Whitehead and Greivis Vasquez were all hurt ... and Vasquez was waived.

Ferrell appeared in 10 games for the Nets posting averages of 5.4 points and 1.7 assists in 15.1 minutes per game. He played as well for Long Island.

Even before the news of the Dinwiddie signing, Sean Marks gave little indication which way he would turn ... or when.

With Caris LeVert now healthy, Whitehead growing in the job and Lin back “pretty soon,” as Marks told Sarah Kustok two days ago, the Nets may believe the addition of Dinwiddie gives them ample depth at the point.