Jason Collins, a 7-foot center out of Stanford, came to terms on a contract extension with the New Jersey Nets on Saturday, narrowly beating the October 31st deadline.

Collins turns just 26 on Dec. 2, and is entering his fourth NBA season. He averaged 5.9 points and 5.1 rebounds last season. In three seasons with the Nets, Collins has averaged 5.4 points and 4.5 rebounds.

"Something came up that I couldn't pass up," Collins said yesterday about the deal.

The Nets did not release contract details, but earlier in the week, Collins said he was pursuing a four-year extension worth $24 million.

Collins's signing was the Nets' latest move to regain a measure of stability after an off-season spate of cost-cutting moves. Since the team traded Kenyon Martin and Kerry Kittles over the summer, the Nets have signed small forward Richard Jefferson to a 6-year, $72 million extension; signed their team president, Rod Thorn, to a five-year contract extension; and locked up Collins for four more seasons.

Had Collins and the Nets been unable to come to an agreement by Sunday, they could not have negotiated again until after this season, and Collins could have become a restricted free agent.

Via New York Times

New Jersey Nets

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