Friday , Jul , 13 , 2007 C.Y. Ellis

Nets officially re-sign Carter

East Rutherford, NJ (Sports Network) – The New Jersey Nets officially
announced the signing of Vince Carter to a multi-year contract on Friday.

Carter opted out of the original contract he signed with New Jersey on June 30
before agreeing to a four-year deal on July 1.

“In my 2 1/2 years here its been wonderful,” said Carter. “We accomplished a
lot of things, but we still haven’t reached where we wanted to go yet. I felt
like the job wasn’t done so I had to come back and finish my duty and my job

The deal is worth a reported $61.8 million, with the Nets will holding an
option for a fifth year.

“We are very pleased to re-sign Vince,” said Nets president Rod Thorn. “He has
been an integral part of the success that the Nets have enjoyed since he
joined us in 2004, and we look forward to Vince’s continued productivity and
unique, exciting style of play as a member of Nets basketball.”

Carter, an eight-time All-Star, led the Nets in scoring last season, averaging
25.2 points per game. He also averaged six rebounds and 4.8 assists per
contest. In 12 playoff games, Carter netted 22.3 points per game.

“This is a very significant day for the Nets franchise,” said Nets principal
owner Bruce Ratner. “Vince is a cornerstone of the team’s success and a true
star on and off the court. I appreciate everything that he does for the
organization and the excitement that he brings to our fans. His new contract
represents our continued commitment to being a winner and I’m thrilled that
Vince and his family will be part of the Nets for years to come.”

Carter was taken with the fifth overall pick in the 1998 draft by Golden State
before being traded to Toronto for Antawn Jamison. He averaged 18.3 points and
5.7 rebounds, 3.0 assists in his first season and was named Rookie of the
Year. The Nets originally acquired the rights to Carter in December 2004 in
exchange for Alonzo Mourning, Aaron Williams, Eric Williams and two first
round draft picks.

Carter has averaged 24.1 points, 5.4 rebounds and 4.1 assists in nine NBA
seasons with Toronto and New Jersey.