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The Sacramento Kings and guard Darren Collison have agreed to a three-year deal worth $16 million, sources told ESPNLosAngeles.com on Thursday.
The deal is fully guaranteed and is for the Kings' full midlevel exception, sources said. Teams can't officially sign free agents until the NBA's moratorium on deals is lifted 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 and president of basketball operations Doc Rivers had said re-signing Collison was one of the team's top priorities this offseason.