Kevin Durant Agrees To Terms On $53M Deal With Golden State Warriors: AP

OAKLAND, CA — A person with knowledge of the situation tells The Associated Press that Kevin Durant has agreed to terms on a two-year deal worth about $53 million to remain with the Golden State Warriors.

The deal calls for about $25 million in the first year with a player option for the second season. The person spoke on condition of anonymity because the contract cannot be signed until Thursday.

It represents a significant giveback for the NBA Finals MVP, who could have signed a max deal that would have paid him millions more next season. The concession from Durant gave the Warriors enough room to lock up Steph Curry to a max contract and bring back Andre Iguodala and Shaun Livingston. (For more local news, click here to sign up for real-time news alerts. If you have an iPhone, click here to get the free Patch iPhone app.)

Durant joined Golden State last season after 10 years in Oklahoma City and helped lead the Warriors to their second championship in three seasons.

By Jon Krawczynski, AP Basketball Writer

Photo credit: Eric Risberg, Associated Press