Houston Rockets forward James Posey has agreed to a four-year deal with the Memphis Grizzlies, according to broadcast reports Tuesday.

Houston stations KRIV-TV and KILT radio reported Posey has not signed the offer but has approved it verbally and is pleased with it.

"I think I made the best decision for myself and for my future," Posey said while not disclosing financial details. "It was more than what the Rockets put on the table."