Andres Nocioni has agreed to a five-year contract worth approximately $38 million, keeping the popular forward with the team that vowed to re-sign him.

The contract can't be signed until the free-agent moratorium ends July 11. But general manager John Paxson confirmed a deal is in place.

Sources told the Tribune that the contract includes a team option for a sixth season.

Earlier Friday, Paxson confirmed that the team was optimistic about their chances.