The Lakers and point guard Kendrick Nunn are in agreement on a two-year contract with a player option in year two, reports ESPN’s Adrian Wojnarowski.

Agent Adam Pensack tells Shams Charania of The Athletic that the two-year deal will be worth $10MM, an indication that the Lakers are using the taxpayer mid-level exception to complete the signing.

Nunn turned down more money from the Knicks and other suitors in order to join the Lakers, according to Charania.