Free-agent forward Matt Barnes has reached agreement on a two-year, $3.6 million contract with the Los Angeles Lakers, league sources told Yahoo! Sports.
Barnes will likely sign the contract on Friday. The deal will pay him $1.7 million next season and give him a player option for $1.9 million in 2011-12.
The Cleveland Cavaliers had guaranteed $7 million over two years with a team option for a third season, but Barnes wanted more guaranteed money to sign with a non-championship contender. Cleveland refused to improve its offer and ultimately was willing to let Barnes go to a lower bidder.
The Lakers also signed veteran center Theo Ratliff(notes) on Thursday.
Barnes announced earlier in the week he was signing with the Toronto Raptors, but a sign-and-trade deal that would have paid him $9 million over two years fell apart.
Awesome. Roster now looks like this:
PG: Derek Fisher/Steve Blake/Sasha Vujacic
SG: Kobe Bryant/Matt Barnes/Shannon Brown [Pending]
SF: Ron Artest/Lamar Odom/Devin Ebanks
PF: Pau Gasol/Lamar Odom/Luke Walton
C: Andrew Bynum/Pau Gasol/Theo Ratliff
Looks damned good.