What happened: Free agent guard Keon Ellis has agreed to a two-year, $18 million guaranteed deal with the Brooklyn Nets. The full $18 million is locked in, and the contract carries a mutual option that gives both the player and the team added flexibility in the second year.

Why it matters: The move gives Brooklyn a young guard on a cost-controlled deal as it retools its backcourt this offseason. It fits the direction the Nets have signaled after declining Sharpe's option to preserve room-level flexibility, using their space to add rotation pieces rather than chase a single max slot.

What to watch: Watch whether Brooklyn slots Ellis into the starting backcourt or a bench role, and how the signing shapes the rest of its offseason cap plan.