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The Brooklyn Nets have reached an agreement with European sharpshooter Bojan Bogdanovic on a three-year contract, multiple sources confirmed to ESPNNewYork.com Friday night.
Bogdanovic's three-year contract will start at $2.5 million, a source said. The third year of the deal is a player option.
Bogdanovic will get most of the team's taxpayer mini mid-level exception, a source said, but not all of it, enabling the Nets to save money on their luxury tax bill, which is expected to be around an NBA-record $80 million next season.
Bogdanovic, 24, was playing professionally for Fenerbahce Ulker in Turkey.
The contract came together in the past couple days, a source said, with the Nets having to complete a buyout with Fenerbahce to bring Bogdanovic over.
The 6-foot-8 swingman was acquired by the Nets in a 2011 draft-night trade in with the Miami Heat after the Heat selected him with the 31st overall pick in the second round. Brooklyn has held his rights ever since.
Bogdanovic, who hails from Croatia, is a career 38.1 percent 3-point shooter.
He likely will back up Paul Pierce at small forward.
Nets general manager Billy King had stated his intentions to bring Bogdanovic over at the beginning of the offseason, but chased after Kyle Korver after completing a blockbuster trade to bring in Pierce and Kevin Garnett.
But Korver ended up staying the with the Atlanta Hawks (four years, $24 million).