2014 free agency: Thunder reach agreement with Sebastian Telfair for one year at veteran's minimum, according to reports

According to a report, free agent Sebastian Telfair will be back in the 2014-2015 NBA season, as he and the Thunder came into a one year agreement. The agreement reportedly took place recently after a meeting that occurred after Telfair met with Thunder team officials. (Update - the deal is reportedly non-guaranteed)

Per CNNSW:

According to sources that requested to remain anonymous, the terms agreed to is for one-year at the veteran’s minimum after meeting with team officials and touring the city recently. The speedy guard has a career average of 7.4 points, 1.6 rebounds and 3.5 assists. The Portland Trail Blazers took the high school phenom No. 13 overall in the 2004 NBA Draft.

The veteran point guard is 29 years old, and has played for 8 NBA teams. His career averages are 7.4, 1.6 rebounds, 3.5 assists, 0.7 steals, while shooting 39% from the field, 32% from behind the arc, and 78% from the foul line. He was selected in the first round no.13th pick by  the Portland Blazers in the 2004 NBA draft. Telfair played for Tianjin Ronggang in China last season.

Teams Telfair Played for in the NBA:

2004-2006 : Portland Blazers

2006-2007 : Boston Cetlics

2007-2009: Minnesota Timberwolves

2009-2010: Los Angeles Clippers

2010 : Cleveland Cavaliers

2010-2011 : Minnesota Timberwolves

2011-2013: Phoenix Suns

2013: Toronto Raptors

Telfair's career has largely been a disappointment, as he came into the NBA straight out of high school with a great deal of hype and expectations. Hailing from the legendary Coney Island courts, Telfair was known for a similar skill set as his cousin, Stephon Marbury. In fact, Telfair was the subject of an award-winning documentary, Through the Fire.

Now, Telfair is looking to salvage his career, and this is potentially a smart move by the Thunder management to sign a quick and athletic point guard. The Thunder needed a 3rd backup PG heading into this season now that Derek Fisher has retired, and although they drafted Semaj Christon in the 2nd round, it is not expected that he will see the court much this coming season.  Also, Telfair will help the Thunder bench in case they fail to sign a reliable shooting guard and opt to move Reggie Jackson to the starting lineup.

Acquisition Grade:

Although Sebastian Telfair has failed to find a permanent residence in the NBA, at only 29 he still holds some promise despite his poor career statistics. He has the potential to make an impact coming off the bench and add some life to a bench that was subpar a year ago.