The Cleveland Cavaliers agreed on a four-year contract that could reach $25 million with free agent point guard Jarrett Jack, ESPN reported Saturday.
The team holds an option on the fourth year of the deal.
Jack averaged 12.9 points and 5.6 assists last season for the Golden State Warriors. After signing free agent shooting guard Andre Iguodala on Friday, the Warriors renounced their rights to Jack.
Jack was a third guard with the Warriors behind Stephen Curry and Klay Thompson. He will likely serve in a similar capacity with the Cavs, who have All-Star point guard Kyrie Irving and 2012 first-round draft pick Dion Waiters.