Update: Oklahoma City Thunder have signed Caron Butler

Update: It's official. From the Thunder PR department:

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The Oklahoma City Thunder have signed forward Caron Butler to a contract, it was announced today by Executive Vice President and General Manager Sam Presti. Per team policy, terms of the deal were not disclosed.

Butler (6-7, 217), a two-time NBA All-Star, has appeared in 764 career regular season games (710 starts) and recorded averages of 15.3 points, 5.4 rebounds, 2.5 assists and 1.42 steals in 33.9 minutes per game during his 12-year NBA career.

“We are pleased to welcome Caron Butler to the Thunder organization and to Oklahoma City,” said Presti. “Caron represents what we look for in a Thunder player and will positively impact our team. His toughness, hard-nosed defense, resiliency and highly regarded professionalism will only enhance our depth and bring additional versatility to the roster.”

The 10th overall selection in the 2002 NBA Draft, he has appeared in 47 career postseason games (all starts) and posted averages of 13.7 points, 6.1 rebounds, 1.9 assists and 1.45 steals in 34.6 minutes per game.

The Thunder roster now stands at 14.

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A week after the Thunder stood pat at the trade deadline, they have apparently made a move to sign veteran small forward Caron Butler, if he clears waivers from the Milwaukee Bucks, as expected.

Woj reports:

Caron Butler has agreed to sign with the Oklahoma City Thunder, a league source tells Yahoo Sports.

— Adrian Wojnarowski (@WojYahooNBA) February 28, 2014

Royce Young reported at CBS Sports:

The Thunder have two open roster spots available and about $2.3 million in cash to spend under the tax line, though terms of the deal are unknown.

In 34 games with Milwaukee this season, Butler averaged 11.0 points and shot 39 percent from the field, with a true shooting percentage of 49 percent.

Butler will add to the Thunder's already impressive depth, providing a veteran wing scoring presence off the bench to spell Kevin Durant.

Butler was said to be choosing between the Thunder, Heat, Spurs and Bulls.