Updated: July 4, 2012, 8:01 am ET

Source: Nets, Mirza Teletovic Reach Terms

By HOOPSWORLD
Basketball News & NBA Rumors

Nets have reached deal in principle with Mirza Teletovic, source says.

Nets are using midlevel exception to sign Teletovic to 3-yr deal. Means: 1. they cannot go over $74 mil payroll. 2. Can’t use MLE for Kidd

via Howard Beck via Twitter

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