ESPN.com: Murray to sign $1.99M deal

Free-agent guard Flip Murray has reached an agreement in principle to join the Charlotte Bobcats.

Murray and the Bobcats have a one-year deal at the NBA's bi-annual exception of $1.99 million, with a formal signing forthcoming as early as Friday, according to NBA front-office sources.

Murray's agent, Mark Termini, confirmed when reached Thursday by ESPN.com that his client is Charlotte-bound.

After averaging 12.2 points last season as an off-the-bench spark for the Atlanta Hawks, Murray also received interest earlier this month from the Denver Nuggets. But luxury-tax concerns prompted the Nuggets, who on Wednesday traded for Houston's James White, to limit their offer to the $1.1 million veteran minimum.

ESPN.com