A person familiar with the situation says Charlotte shooting guard Gerald Henderson and the Bobcats have agreed to a three-year, $18 million contract.
The person says Henderson, 25, has the option to become an unrestricted free after the 2014-15 season. The person spoke to The Associated Press Saturday on condition of anonymity because the deal has not yet been signed.
Yahoo Sports first reported the deal.
Henderson, a four-year NBA veteran, was a restricted free agent.
The 12th overall pick in the 2009 NBA draft by the Bobcats, Henderson averaged 15.5 points per game last season, second best on the team.
Henderson finished the 2012-13 season playing the best basketball of his professional career, averaging 23.9 points over the final 23 games while shooting 48 percent from the field.