At 40 years old, Carters is the NBA's oldest active player.
Last season with the Memphis Grizzlies, Carter averaged 8.0 points and 3.1 rebounds in 24.6 minutes per game.
The eight-time All-Star ranks 22nd on the league's all-time scoring list with 24,555 career points.
Carter, the fifth pick in the 1998 draft, was the 1998-99 Rookie of the Year with the Toronto Raptors. He subsequently played for the New Jersey Nets, Orlando Magic, Phoenix Suns, Dallas Mavericks and Memphis.
For his career, Carter is averaging 18.2 points, 4.6 rebounds and 3.3 assists.