The Sacramento Kings and guard Darren Collison agreed to a three-year deal worth $16 million, according to reports.
ESPN.com reported that the deal is fully guaranteed and is for the Kings' full mid-level exception. Contracts cannot officially be signed until July 10.
Collison opted out of the final year of his contract with the Los Angeles Clippers that would have paid him $1.985 million next season. Clippers coach Doc Rivers had said re-signing Collison was one of the team's top priorities this offseason.
Collison, 26, started at both point guard and shooting guard for the Clippers last season when Chris Paul, J.J. Redick and Jamal Crawford went down with injuries. In 80 games last season, Collison averaged 11.4 points, 2.4 rebounds along with 3.7 assists in 25.9 minutes per game.
The Toronto Raptors reached an agreement with free agent point guard Kyle Lowry on a four-year, $48 million contract, according to multiple reports.
Lowry averaged 17.9 points, 7.4 assists and 4.7 rebounds last season for the Raptors, who made the NBA playoffs for the first time since 2008.