Jordan Farmar and the Los Angeles Lakers have agreed to a one-year deal at the veteran's minimum.
The Lakers must first negotiate a buyout with Farmar's club in Turkey, Anadolu Efes, which is believed to be in the $500,000 range. The buyout will not count against the cap of the Lakers.
Farmar signed a three-year, $10.5 million deal last summer to play in the Turkish Basketball League.
"They knew about my deal overseas and really didn't push it earlier because they didn't think I'd be willing to give up that guaranteed money I had over there," Farmar said in a phone interview with ESPN. "I wanted to be back in the NBA, but more importantly, back with the Lakers. This is the only situation I would have taken a minimum deal with."
Lakers Nation first reported news of Farmar's deal with the Lakers.