The Mavericks and guard Jason Terry are expected to reach an agreement quickly once teams can begin negotiating with free agents on July 1, the Dallas Morning News is reporting.

Dallas is also expected to sign Dirk Nowitzki to a contract extension, locking up two of the team's vital pieces long term.

While details of the contact Terry will command are unknown, it's possible Terry's starting price on a new contract would mirror those of guards Cuttino Mobley and Bobby Simmons, who signed free-agent deals last season.

Mobley's deal began at $7.2 million in the first season. Simmons' deal started at $8 million.