Point guard C.J. Watson has signed with the Brooklyn Nets, reports the New York Daily News' Stefan Bondy on Twitter.
The 28-year-old Watson spent the past two seasons backing up Derrick Rose with the Chicago Bulls. He now will back up another of the league's best point guards in Brooklyn's Deron Williams.
The Nets have reconfigured their roster this season and look poised for a playoff appearance. The team's trade for guard Joe Johnson solidified its starting lineup, and Watson's acquisition should bring increased depth.
Chicago declined to exercise Watson's $3.2 million option, instead signing Kirk Hinrich and drafting Kentucky's Marquis Teague to play point guard.