The New Jersey Nets have reached an agreement with forward Mirza Teletovic of Bosnia, according to a report from Howard Beck of the New York Times.
The deal is reportedly for the mid-level exception:
Nets are using midlevel exception to sign Teletovic to 3-yr deal. Means: 1. they cannot go over $74 mil payroll. 2. Can't use MLE for Kidd— Howard Beck (@HowardBeckNYT) July 3, 2012
Teletovic, 26, is regarded as one of basketball's premier overseas talents. The 6-foot-9, 242-pounder can play both forward positions, averaging 21.7 points and 6.0 rebounds last season in the Euroleague, according to his Draft Express profile. He also hit more than three 3-pointers per game while drilling 43.1 percent of his attempts.
The move continues the Nets' reloading of their roster, one day after they traded for Joe Johnson.