The Golden State Warriors have reached a verbal agreement on a four-year, $48 million contract with free agent Andre Iguodala after completing a salary cap-clearing trade with the Utah Jazz, according to ESPN and media reports.
The Warriors had begun shopping contracts in hopes of creating enough cap space to try to sign free-agent center Dwight Howard, ESPN.com reported Thursday night.
Howard later confirmed via Twitter that he will sign with the Houston Rockets.
On Friday, though, it became apparent that the Warriors were slipping in the Howard sweepstakes, so Golden State shifted to trade the expiring contracts of Richard Jefferson, Andris Biedrins and Brandon Rush to complete a deal with Iguodala.