LOS ANGELES (REUTERS) - The two-time defending National Basketball Association (NBA) champions Golden State Warriors have agreed to re-sign Kevin Durant on a one-year contract with a player option for a second year, according to a report on Saturday (June 30).
At the same time, Rockets point guard Chris Paul has agreed to sign a four-year, US$160 million (S$218.2 million) deal, according to the Houston Chronicle, while All Star free agent Paul George will remain with the Oklahoma City Thunder, the small forward said.
Durant, the NBA Finals Most Valuable Player for the past two seasons, is expected to sign a contract that will pay him up to around US$30 million for the 2018-19 season and a player option worth up to about US$31 million for the 2019-20 season, the Mercury News reported.
Golden State's biggest challenger in the Western Conference, the Houston Rockets, also reached an agreement to hold on to a key piece as the NBA's free agency negotiations officially began.
Paul tweeted a message "UNFINISHED BUSINESS RUN IT BACK" to confirm his return.
The 33-year-old averaged 18.6 points and 7.9 assists in 58 regular season games for Houston, but his hamstring injury and absence in the final two games of the Western Conference Finals doomed the Rockets against Golden State.
Players cannot officially sign their new contracts until July 6.
As for George, he made the announcement at a party in Oklahoma City, where he was filmed and the video uploaded to Twitter by users.
"If y'all didn't quite get it, let me say it again. I'm here to stay. I'm here to stay," he said in the video, where he was standing next to Thunder team-mate Russell Westbrook.
George, who was among the most sought after players in the current free agency, has agreed to a four-year deal with Oklahoma City, according to multiple local media reports.
He was traded to the Thunder last year from the Indiana Pacers, but declined to exercise his player option with Oklahoma for 2018-19, making him an unrestricted free agent.
The 28-year-old had been reported as considering joining his hometown Los Angeles Lakers. He averaged 21.9 points per game and 5.7 rebounds last season for the Thunder who were knocked out in the first round of the NBA play-offs.