Former Indiana guard Yogi Ferrell has agreed to a 2-year deal to return to the Dallas Mavericks, according to multiple reports on Thursday afternoon.
According to Shams Charania, the deal is worth $5.3 million over two years and includes a trigger date of July 7, 2019 for the second season.
The Mavericks initially tendered Ferrell a qualifying offer of $2.9 million for next season, but withdrew it in order to open the salary cap space necessary to sign DeAndre Jordan.
By withdrawing the qualifying offer, Ferrell became an unrestricted free agent, but reports quickly surfaced that Dallas had significant interest in bringing him back next season.
According to Charania, the Mavericks have promised Ferrell the backup shooting guard position to begin next season.
The former Indiana point guard played in all 82 games for Dallas last season and averaged 10.2 points, three rebounds and 2.5 assists 27.8 minutes per game.
Competition for playing time next season in Dallas could be much stiffer with Luka Doncic and Jalen Brunson added to a stable of guards that also includes Dennis Smith Jr. and J.J. Berea.
Ferrell joins Victor Oladipo, Cody Zeller, Thomas Bryant, OG Anunoby and Eric Gordon as former IU players with fully guaranteed contracts for next season. Noah Vonleh and Troy Williams are both currently free agents.
Filed to: Yogi Ferrell