May 30, 2009 4:11 PM EST

Sources with knowledge of the situation told the Sacramento Bee that Eddie Jordan signed a guaranteed three-year deal to coach the 76ers.

Jordan will be paid $2 million in the first season, $3 million in the second and $3.1 million in the third.

After being fired by the Wizards last November, the team owes him $4 million. That amount will be offset by his new deal.

Via Sacramento Bee