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NBA Free Agency: Nick Young Signs One-Year Deal With Washington Wizards, Team Confirms

The Washington Wizards have officially re-signed Nick Young, according to a press release sent out by the team. Terms of the deal were not disclosed by the team, but according to sources, it is for the one-year qualifying offer for just under $4 million.

"Nick is a very good scorer who has continually developed and shown steady improvement over his four years with us," said Wizards President Ernie Grunfeld. "His size, shooting ability and athleticism allow him to get his own shot and compliment our other backcourt players, making him a valuable part of our young core."

Young led the Wizards in scoring last season with a career-high 17.4 points over 64 games. He scored a career-high 43 points on Jan. 11 vs. Sacramento and posted the second-highest scoring increase in the NBA from 2009-10 to 2010-11 (8.6 ppg - 17.4 ppg) behind Golden State's Dorell Wright.

Young returns to pair with John Wall and form one of the more explosive backcourt pairings in the league. Having him back in the fold takes a lot of pressure of Wall and frees up enough space to operate freely. The contract is also short enough that Young will be given the chance to duplicate his performance from last year and earn the long-term contract he covets.