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Five-Time NBA Champion Guard Fisher Re-Signed by Oklahoma City

Feb. 25 (Bloomberg) -- The Oklahoma City Thunder signed five-time National Basketball Association champion Derek Fisher, General Manager Sam Presti announced today in an e-mailed release.

Presti didn’t disclose financial terms or the length of the deal. Yahoo! reported that the contract will last the remainder of the season, without giving financial details.

Fisher, 38, hasn’t played an NBA game since his release by the Dallas Mavericks in December. He played in 40 games for the Thunder last season, including the team’s run to the NBA Finals.

President of the NBA players union, Fisher called last year for an investigation of the organization’s business and hiring practices, which led to the firing of Executive Director Billy Hunter this month. Fisher retained his title under the National Basketball Players Association’s new executive committee after some players, including Jerry Stackhouse of the Brooklyn Nets, said he should also be replaced.

A member of five title-winning teams with the Los Angeles Lakers, Fisher has averaged 8.6 points and 2.5 assists in 229 playoff games.

The Thunder are 41-15, the second-best record in the Western Conference, behind the San Antonio Spurs (45-13).

To contact the reporter on this story: Eben Novy-Williams in New York at enovywilliam@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

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