NBA front-office sources told ESPN.com's Marc Stein that Baron Davis has reached a verbal agreement with the Clippers on Tuesday night and will sign a new multi-year contract with the club after the league wide moratorium on signings and trades is lifted July 9.

Davis surprised the Warriors by opting out of the final season of his $17.8 million contract on Monday.

Sources told ESPN.com that Davis, 29, will receive a five-year deal worth an estimated $65 million.

"From a basketball standpoint it's always been about winning for Baron," his agent Todd Ramasar told the Los Angeles Times. "This presented a good opportunity to do that to pair him with Chris Kaman and Elton Brand is expected back."

Via ESPN

Los Angeles Clippers, Golden State Warriors

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