The Sixers have signed Sergio Rodriguez to a one-year, $8 million contract, sources told Shams Charania of The Vertical.

Rodriguez, 30, was a first-round pick back in 2006, No. 27 overall by Phoenix, and is considered the top point guard in Europe.  He hasn’t appeared in an NBA game since the 2009-10 season, when he played for the Kings and Knicks.

He was named the 2014 Euroleague MVP, when he averaged 13.5 points and 5.0 assists per game and ranked third in the league with a 48.8 percent three-point percentage. This past season, Rodriguez averaged 10.9 points and 6.2 assists per game, while shooting 49.5% from the floor and 40.9% from three-point range.

It's a smart, inexpensive move for the Sixers, who signed Jerryd Bayless last week, now can use Bayless as a off-guard and Rodriguez on the ball to ease the transition of Ben Simmons. The move allows then to have a veteran point guard who can help Simmons, and they are not attached to him long-term.