Here is the statement from the New Jersey Nets.
The New Jersey Nets have reached an agreement in principle with free agent guard Jordan Farmar, Nets President Rod Thorn announced tonight. Per team policy, terms of the agreement were not released. The agreement is contingent on the passing of the required physical.
"Jordan will be an excellent complement to Devin in the backcourt," said Thorn. "He comes to the Nets with championship pedigree, which will prove to be invaluable to his teammates."
Farmar, 6-foot-2, 180 pounds, is a four-year NBA veteran with career averages of 6.9 points and 2.1 assists in 18.1 minutes over 301 career games with the Los Angeles Lakers. The UCLA product was selected by the Lakers in the first round (26th overall) of the 2006 NBA draft. Farmar helped the Lakers win back-to-back championships in 2008-09 and 2009-10. In 69 career postseason contests, Farmar holds playoff averages of 5.9 points and 1.4 assists in 15.0 minutes per game Last season, Farmar appeared in all 82 games for the Lakers, posting averages of 7.2 points on 43.5% shooting and 1.5 assists in 18.0 minutes per game.