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Derek Fisher re-signs with Oklahoma City Thunder

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.