According to Chris Haynes of ESPN, Lance Stephenson agree to three-years, $12 million deal.
The first two years of Stephenson contract will be guaranteed. He will have a team option to leave in the third year.
Stephenson formally played for the Indiana Pacers in 2010. Indiana drafted him in the second round; he was a vital piece of the Indiana team for four years. When he was the Indiana Pacers for the last year in his contract, he averaged 13.8 points, seven rebounds, and four assists.