Nets Sign Carter to 4-Year Deal
All Star will stay in Jersey for $61.8 mil after backing out of original contract
By Joseph Fasano,  Newser User
Posted Jul 2, 2007 8:00 AM CDT

(Newser) – The New Jersey Nets have re-signed All-Star Vince Carter to a $61.8 million, 4-year contract. The deal was anonymously reported yesterday, following an announcement that Carter had decided to opt out of his previous agreement with the organization—the new terms allow the Nets to extend by one year after the 2010-11 season.

Though Carter had several conspicuous miscues during last year's postseason, he averaged 22.3 points per game—25.2 in regular season play. The deal was not unexpected, and there is speculation that the Nets will re-sign center Mikki Moore as well, whose .609 field goal percentage was the best in the NBA last year.