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 TRENTON, N.J. (AP) - Vince Carter and the New Jersey Nets have the framework in place for a four-year contract that guarantees the All-Star more than $60 million, according to a person with knowledge of the deal.
Word of the deal came Sunday, though the person spoke on condition of anonymity because under league rules the agreement can not be announced until July 11, the first day free agents can sign.
A day earlier the Nets announced Carter had opted out of the final year of a contract that would've paid him $16.3 million next season. Team officials, though, had said they were optimistic the 30-year-old swingman, who will be entering his 10th season, would return to New Jersey.
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