Eric Moreland has reached an agreement to re-sign with the Sacramento Kings on a one-year contract, according to league sources.

Moreland will have significant guarantees in his deal with the Kings.

Moreland went undrafted out of Oregon State in 2014 and spent time last season with the Kings and in the D-League with the Reno Bighorns.

Peja Stojakovic has been hired as the Sacramento Kings' director of player personnel and development.

Stojakovic also will be the general manager of the Reno Bighorns, the Kings’ NBA Development League affiliate.

Stojakovic played nearly eight seasons for the Kings after being drafted 14th in 1996. He averaged 18.3 points and played in three All-Star Games.