LAS VEGAS -- Bostjan Nachbar is the latest NBA player to choose the euro over the dollar.
The contract, worth 9 million euros, will include affordable buyout clauses after each season to allow him to explore the option of returning to the NBA.
Nachbar said he was keeping a close eye on how the salary-cap situation in the summer of 2010 will impact his prospects of returning to the league.
Nachbar averaged 9.8 points last season for New Jersey in his sixth NBA season.
The 28-year-old said he realized he was not in New Jersey's plans after the Nets traded Richard Jefferson to Milwaukee for Yi Jianlian and Bobby Simmons and signed free agents Jarvis Hayes and Eduardo Najera.
Nachbar's deal follows a fast-developing and worrisome trend for some NBA executives -- based in large part on the strength of the euro against the dollar -- of European-based teams being able to outbid their NBA counterparts for free agents.
Already this summer, Tiago Splitter of Brazil, a first-round pick of the Spurs in 2007, and Goran Dragic of Slovenia, a second-round pick of the Spurs in 2008 whose rights were traded to the Suns, have opted for more lucrative deals in Europe than they'd be eligible for as rookies in the NBA.
And four international players with NBA experience -- Carlos Delfino, Jorge Garbajosa, Pops Mensah-Bonsu and Juan Carlos Navarro -- have accepted offers from European teams that easily trumped the money NBA teams were willing to offer.
"The NBA had better be careful," Nachbar said. "European teams are offering a lot of money. It's much more, considering there are no taxes, than what I could make signing for the midlevel exception."
ESPN.com senior writer Chris Sheridan covers the NBA for ESPN Insider.