A person with knowledge of the situation tells The Associated Press that Kevin Durant has agreed to terms on a two-year deal worth about $53 million to remain with the Golden State Warriors.
The deal calls for about $25 million in the first year with a player option for the second season. The person spoke on condition of anonymity because the contract cannot be signed until Thursday.
It represents a significant giveback for the NBA Finals MVP and former Texas basketball star, who could have signed a max deal that would have paid him millions more next season.