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Jason Terry, Celtics verbally agree

Updated: July 4, 2012, 1:22 PM ET
By and Marc Stein | ESPN.com

Free-agent guard Jason Terry has a verbal agreement on a three-year contract with the Boston Celtics, sources close to the situation confirmed Tuesday. Terry's offer from the Celtics is believed to be for the full mid-level exception of $5 million annually.

Sources familiar with the Dallas Mavericks' thinking told ESPNDallas.com that the team, coveting financial flexibility, is unlikely to match the Celtics' offer to Terry.

Terry won't be able to sign until ...

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