7:29 AM: According to multiple reports, the Nets are preparing to sign 25-year-old guard Jorge Gutierrez to a 10-day contract.
The deal was first reported by ESPN's Marc Stein late Wednesday night.
Gutierrez was in training camp with the Nets this summer. After being cut in October, he had been playing most recently for the Canton Charge of the NBA D-League.
The University of California, Berkley product was the 2012 Pac-12 Player of the Year, and he played for the Mexican national team on their improbable gold medal run at the 2013 FIBA Americas Championship prior to his training camp stint with the Nets.
The Nets had one open roster spot after their recent February trades. Gutierrez will presumably compete with Marquis Teague for playing time as a backup point guard.