The Nets will sign the former Utah Jazz forward to a two-year contract with a player option for the second year, according to multiple media reports. Kirilenko will re-join former Jazz point guard Deron Williams, with whom he had a stormy relationship in Utah.
Kirilenko, 32, will make $3.1 million in the first year of the deal. He signed a two-year contract with the Minnesota Timberwolves worth $20 million last off-season, but opted out of the final year worth $10 million to become a free agent again this summer.
Kirilenko will make significantly less money in Brooklyn, though he'll certainly be playing for a contender. The Russian native has ties to Nets owner Mikhail Prokhorov, having played for CSKA Moscow (1998-2001), which was formerly owned by Prokhorov.
Kirilenko, known for his versatility, can back up newly acquired forwards Paul Pierce and Kevin Garnett.
Kirilenko, who spent his first 10 NBA seasons with the Jazz from 2001-2011, averaged 12.4 points and 31.8 minutes per game for the Timberwolves last season. He was an All-Star in 2004, when he averaged 16.5 points, 8.1 rebounds and 2.8 blocks per game.