The Toronto Raptors have reached agreement on a four-year, $30 million deal with guard Cory Joseph, league sources told ESPN.
The contract will have a player option for the fourth season.
Joseph leaves the San Antonio Spurs, where he backed up Tony Parker for the first four years of his career.
The deal was made possible after the Spurs pulled a qualifying offer to Joseph Sunday, making him an unrestricted free agent in order to free cap space to sign LaMarcus Aldridge.
It is a homecoming for the 23-year-old Joseph, who was born in Toronto.