Young leaves Lakers, joins Golden State

Is it a case of the rich getting richer? It certainly looks that way as veteran guard Nick Young leaves the Los Angeles Lakers to sign a one-year deal with the reigning NBA champion Golden State Warriors.

Veteran guard Nick Young is getting a new start with Golden State, agreeing to a $5.2 million, one-year contract Wednesday with the champion Golden State Warriors.

Young’s agent, Mark Bartelstein, confirmed the deal in a message to The Associated Press. Warriors general manager Bob Myers also said the team would finalize a contract with Young once the free agency moratorium period concludes Thursday.

In addition, forward Omri Casspi is joining the Warriors on a $2,106,470, one-year contract, a person with direct knowledge of the deal said Wednesday, speaking on condition of anonymity because it hadn’t been announced. This will be the 29-year-old Casspi’s sixth team as he enters his ninth NBA season, including two separate stints in Northern California with the Sacramento Kings. He played for Sacramento, New Orleans and Minnesota last season, averaging 5.2 points and 3.1 rebounds in 17.9 minutes.

Golden State’s familiarlooking roster is taking shape. Two-time MVP Stephen Curry is back on a record $201 million, five-year contract; NBA Finals MVP Kevin Durant agreed Monday to a deal for approximately $53 million over the next two years; 2015 Finals MVP Andre Iguodala got a three-year contract with $48 million guaranteed; fellow key reserves Shaun Livingston for $24 million and three years, and David West on a one-year deal for the veteran minimum $2.3 million.

The 32-year-old Young last month declined the player option in his contract for next season with the Los Angeles Lakers, which would have paid him more than $5.6 million, and became a free agent. He had said in April that it was “60/40” he would leave the Lakers — preferring to be part of a playoff team.

Now, he’s on a super team.

Young averaged 13.2 points, 2.3 rebounds and 1.0 assists in 60 games for the Lakers. He will provide the Warriors with the kind of depth they like on a long bench as coach Steve Kerr regularly rotates in his reserves to spell the stars.

Porter has Nets’ offer sheet

Following his best NBA season, Otto Porter Jr. has a big offer to join the Brooklyn Nets. It appears he’ll be staying right where he is in Washington.

Porter has agreed to sign an offer sheet with the Nets, a person with knowledge of the details told The Associated Press on Wednesday. The Wizards plan to match the offer and keep Porter, according to the person who spoke to the AP on condition of anonymity because contracts can’t be signed until Thursday.

The Vertical first reported that Porter had agreed to sign a fouryear, $106 million offer sheet with the Nets. Under NBA rules, the Wizards would then have two days to match the offer since Porter is a restricted free agent.

Porter finished fourth in voting for Most Improved Player last season after averaging 13.4 points and shooting 43.4 percent from 3-point range, fourth-best in the league. The No. 3 pick in the 2013 draft from Georgetown was one of the keys to a Washington team that reached the second round of the playoffs.

Waiters to stay with Heat

A person with knowledge of the situation says Dion Waiters is staying in Miami and has agreed on a new four-year, $52 million contract with the Heat.

Waiters averaged 15.8 points in 46 games last season for the Heat. He was a significant part of how Miami turned its season around after an 11-30 start, going 30-11 in the second half.

The Heat were 27-19 when Waiters played, 14-22 when he did not. Waiters missed Miami’s last 13 games with a badly sprained ankle, and the Heat wound up losing a tiebreaker for the final Eastern Conference playoff spot. He played for $2.9 million last season.

Jefferson returning to Cavs

Richard Jefferson isn’t messing with any retirement talk this summer.

After saying he would stop playing after the Cavaliers won the NBA title in 2016 and changing his mind, Jefferson said Wednesday that he will be back with Cleveland next season his 17th as a pro.

The 37-year-old announced his plans on an episode of his “Road Trippin”’ podcast.

Jefferson, who had contemplated quitting, has one guaranteed season left on his contract worth $2.5 million. He averaged 5.7 points and 2.6 rebounds in 79 games for the Cavs, serving mostly as a backup for LeBron James. He provided Cleveland with a big lift off the bench during the NBA Finals.