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Sharpe (knee) agreed to a two-year, $12 million deal to return to the Nets on Monday, ESPN's Shams Charania reports.
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The Nets did not extend a $5.98 million qualifying offer to Sharpe, but they acted quickly to ensure that he returns to the franchise. Sharpe is coming off a career-best campaign with regular-season averages of 7.9 points, 6.6 rebounds, 1.8 assists, 0.8 steals and 0.8 blocks across 18.2 minutes per game in 50 appearances. He'll likely win the backup job behind Nic Claxton in 2025-26, though he does have competition from rookie Danny Wolf.
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