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Lakers agree to sign veteran forward Taurean Prince

The Lakers opened free agency Friday by agreeing to sign veteran Taurean Prince, who became available when the Minnesota Timberwolves declined to guarantee his $7.4-million deal earlier this week.

A 6-foot-7 forward, he shot 38.1% from three-point range last season. The sides are still working on the details of the contract, which can’t be signed until July 6, but it’s expected the Lakers did not use any of their midlevel exception in the deal.

Prince, a 29-year-old who has played seven seasons in the NBA, averaged 9.1 points, 2.4 rebounds and 1.6 assists while playing 22 minutes a game last season.