The Los Angeles Clippers and free agent guard Cuttino Mobley have apparently agreed to terms on a five-year contract.

The Los Angeles Times reports that the deal is worth $42 million, but cannot become official until the league moratorium for free agent signings is lifted on July 22.

"We're very excited about the opportunity," Mobley's agent Andy Miller told the paper. "And for Cuttino and where he is in his life and his career, he felt that this was the opportunity that he'd been looking for quite some time."