The Washington Wizards have agreed to a deal with Bradley Beal, sources told ESPN's Jeff Goodman.
Earlier Friday, ESPN's Marc Stein reported that the Wizards and Beal were near an agreement on a maximum five-year contract approaching $130 million.
Sources said the sides moved swiftly into contract negotiations when free agency began at 12:01 a.m. ET Friday.
A deal can't be signed until the league-wide moratorium on signings and trades is lifted July 7, but parties are allowed to strike a verbal agreement before then.
Beal played in a career-low 55 games (35 starts) for the Wizards last season due to injuries, including a stress reaction in his right fibula.