Kawhi Leonard has agreed on the basic parameters of a deal to remain with the San Antonio Spurs.
A person with knowledge of the terms tells The Associated Press that Leonard agreed to a five-year contract that could be worth around $90 million. Leonard agreed to the deal just minutes after the NBA's free-agent window opened at 12:01 a.m. Eastern time Wednesday, according to the person who spoke on condition of anonymity because the contract isn't finalized.
Yahoo Sports first reported the news of an agreement.
Yahoo Sources: Kawhi Leonard, Spurs agree to framework of a maximum contract extension. http://t.co/f1738GRRli— Adrian Wojnarowski (@WojYahooNBA) July 1, 2015
The deal cannot be completed until July 9, per league rules.
Leonard was the MVP of the 2014 NBA Finals, averaged 16.5 points last season for the Spurs, and followed that up by averaging 20.3 points in San Antonio's seven-game playoff loss to the Los Angeles Clippers in the first round.
The Associate Press contributed to this report.