Former lottery pick Jimmer Fredette has agreed to a one-year deal with the Shanghai Sharks of the Chinese Basketball Association, according to league sources.
The specific amount of Fredette's deal with the Yao Ming-owned Sharks was not immediately available. Sources said the value is "north of $1 million."
Fredette, the 2011 national player of the year and NCAA scoring champion out of BYU, played most recently for the New York Knicks on a 10-day contract last season. He drew free-agent interest from NBA teams this summer, according to sources, but hadn't found a steady role in the league since being selected 10th overall in the 2011 NBA draft.
Fredette, 27, has played in 235 games over the past five seasons in the NBA. He averaged 6.0 points in 13.4 minutes per game.
The Chinese Basketball Association's regular season ends in February, and the playoffs conclude in late March, so Fredette will likely have the opportunity to join an NBA team in the second half of the 2016-17 season.
Fredette's decision to sign with the Sharks was first reported by international basketball reporter David Pick.