Golden State Warriors free agent forward Reggie Williams has signed a one-year, $1.5 million contract with Caja Laboral Vitoria of the Spanish ACB League, according to a report from Adrian Wojnarowski of Yahoo! Sports.

The report says that there is a $1 million buyout should Williams look to get out of his contract early.

In the opinion of InsideHoops.com, even though the buyout is sizable, this sounds like a smart deal for Williams. With the current financial troubles many NBA teams are undergoing, Williams probably will receive minimum-level offers when he returns to the league