Free agent center Nene agreed to a new contract with the Houston Rockets on Sunday after the team was forced to pull back an accepted four-year, $15-million deal due to the NBA's age rule.
Nene's new deal is for three years and $11 million, a league source told ESPN's Adrian Wojnarowski.
Nene turns 35 in September before next season starts. Houston was not permitted to offer a four-year contract because of the "over-38 rule" in the collective bargaining agreement that would have extended Nene's deal past his 38th birthday in the fourth season.
After the first deal was pulled, Nene planned to talk to other NBA teams during free agency that opened Saturday.
The 6-foot-11, 250-pound Nene averaged 9.1 points and 4.2 rebounds in 67 games (eight starts) as a reserve in his first season with the Rockets last season.
The 15-year veteran from Brazil sustained a season-ending tear in a muscle in his left thigh during Game 4 of the Western Conference finals against the San Antonio Spurs in May. The injury did not require surgery.