Khris Middleton and the Milwaukee Bucks have agreed upon a five-year, $70 million deal.
The deal, sources said, will include a player option that allows Middleton to return to free agency after Year 4.
Once the Bucks receive a commitment from Middleton, they will shift their attention toward pursuing a center.
Milwaukee was eager to come to terms with Middleton and agent Michael Lindeman of Excel Sports before interested rivals could start to negotiate with him.