Bogans, 31, started all 82 games for the Chicago Bulls last season, averaging 4.4 points and 1.8 rebounds in less than 18 minutes a game. Bogans is a defense-first guard, and Bulls fans often complained about the lack of offense from the 2-guard spot last season. When the Bulls signed Rip Hamilton this offseason, they waived Bogans.
The 6-foot-5 eight-year veteran holds career averages of 6.7 points, 2.9 rebounds and 1.3 assists per game.
"Keith will give us defensive toughness and experience," Nets general manager Billy King said in a statement. "He will add depth and versatility to our perimeter."
A league source said Bogans will receive the veteran league minimum salary.
Owens played in seven games with the Nets after being signed as a free agent in January. The 29-year-old averaged 1.9 points per game.
Mike Mazzeo if a frequent contributor to ESPNNewYork.com.