"We are very pleased to add a veteran with the savvy and experience of C.J. Watson to our roster," Nets general manager Billy King said. "C.J. has the ability to be productive in a variety of roles, and he will add quality and versatility to our backcourt rotation."
Watson played in 49 games (25 starts) for the Bulls last season, and averaged 9.7 points and a career-high 4.1 assists.
After 2 1/2 seasons with the Warriors to start his NBA career, Watson was traded to the Bulls prior to the 2010-11 season.
Over five NBA seasons, Watson holds career averages of 7.8 points and 2.6 assists in 305 games.
As the Bulls tried to finalize their three-team deal to send Kyle Korver to the Hawks via the Timberwolves, Korver arrived in Atlanta for a physical scheduled on Monday.
The Hawks remained confident enough in the transaction to fly Korver to town.
The Bulls are expected to land a draft pick and trade exception from the transaction, which also would save them Korver’s $500,000 guarantee on the $5 million non-guaranteed portion of his three-year deal.
Otherwise, Kirk Hinrich eventually will sign with the Bulls. His transaction is on hold as the Bulls sort through their other various maneuverings, which on Saturday included Yahoo Sports! first reporting O.J. Mayo is considering the Bulls, Lakers, Suns and Mavericks as his free-agent finalists.
Along these lines, league sources said the Bulls have shopped Richard Hamilton’s expiring $5 million deal, which carries a mere $1 million guarantee for 2013-14. Thus far, there have been no takers.
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