Slovenian star Zoran Dragic has reached agreement with the Phoenix Suns on contract terms for a two-year, $4,012,500 million deal, league sources told RealGM.

Dragic decided last weekend to leave his European club, BC Unicaja Malaga, for the NBA, and the 6-foot-5 shooting guard had worked on negotiations with the Suns in recent days. The two sides agreed upon final terms of Dragic's new deal on Thursday afternoon.

Dragic will join his brother, Goran Dragic, in the NBA with the Suns.

Gustavo Ayon has signed with Real Madrid.

Ayon also had offers from the San Antonio Spurs and in China.

Ayon had an impressive World Cup after spending last season with the Atlanta Hawks.

Crvena Zvezda has signed Stefan Jovic to a three-year contract.

Jovic spent the past two seasons with Radnicki Kragujevac, and in the last season posted 3.9 points, 3.1 assists and 2.6 rebounds in 13 Eurocup games, while averaging 4.3 points, 2.7 assists, 2.3 rebounds and 1.4 steals in the Adriatic League campaign. 

Jovic played for Serbia in the World Cup.

The Shanghai Sharks are making a strong push to sign Aron Baynes.

Baynes is currently a restricted free agent of the San Antonio Spurs.

The Spurs would retain Baynes' restricted free agent rights if he signs abroad.

Randy Culpepper has signed with Julin of the Chinese Basketball Assocation, a source tells RealGM.

Culpepper played collegiately at UTEP.

Gustavo Ayon has received a formal offer from the San Antonio Spurs, sources tell RealGM.

Shandong of the Chinese Basketball Association has also presented a formal offer to Ayon, sources confirm to RealGM.

Ayon has previously received offers in Europe, though the language of the contract concerning an NBA out held up an agreement being reached.

Ayon is now deciding between three formal offers.

Ayon spent last season with the Atlanta Hawks.

Under Armour Basketball has signed Emmanuel Mudiay to an endorsement deal.

Mudiay is set to travel to China this month to begin preparing for his debut professional season in the Chinese Basketball Association. Many draft experts project Mudiay to be a top five NBA Draft pick in 2015 because of his combination of size, speed and natural feel for the game.

"With Emmanuel joining our roster, Under Armour Basketball has added one of the game's best young players to our team," said Matt Mirchin, EVP, Global Marketing, Under Armour. "For such a young player, Emmanuel has a complete game, is a leader and plays with a toughness that stands out the moment you see him step on the court. When you combine that with his commitment to training and his positive attitude, he has the potential to be a special player for a long time. We're proud to now be a part of his journey."  
 
Born in Congo, Mudiay began playing basketball in middle school in the Dallas area. 

Joe Ingles has signed a guaranteed minimum one-year deal with the Los Angeles Clippers.

Ingles drew interest from the NBA with his play in the 2012 Olympics and also had some big games in the World Cup this year.

The wing was most recently with Maccabi Tel Aviv and previously played for Barcelona.

Shandong of the Chinese Basketball Association is making a strong push for Gustavo Ayon, a source tells RealGM.

Ayon had reached a deal with Real Madrd, but his buyout clause had become an issue.

Ayon spent last season with the Atlanta Hawks and had an impressive World Cup.

Milos Teodosic would seek a salary of more than $3 million annually in order to come over to the NBA from CSKA.

Teodosic has helped lead Serbia to the gold medal game of the World Cup.

Teodosic, 27, went undrafted in 2009 when he was at Olympiacos.

The Memphis Grizzlies were the most recent NBA team to pursue Teodosic with a serious offer, though that was in the 2013 offseason.