POSTED: Jul 24, 2013 8:06 PM ET
OKLAHOMA CITY (AP) — The Oklahoma City Thunder re-signed guard Derek Fisher on Wednesday.
The 38-year-old Fisher has spent parts of the last two seasons with the Thunder, averaging 4.5 points in 44 regular-season games. He has averaged 7.1 points in 31 playoff games for them.
The five-time NBA champion with the Los Angeles Lakers has appeared in 240 postseason games.
Thunder general manager Sam Presti says in a statement that "Fisher has proven to be a valuable member of our team and we are excited to have him back."
Presti adds: "He has such a positive impact on his teammates and the organization."
Terms of the contract with Fisher, the president of the NBA players' association, weren't disclosed.