NEW YORK: A person familiar with the deal says the Sacramento Kings and guard Darren Collison have agreed to a three-year contract worth about $16 million.

The person spoke to The Associated Press on condition of anonymity Thursday because teams can’t officially sign free agents until the NBA’s moratorium on deals is lifted July 10. The Los Angeles Times first reported the agreement.

Collison opted out of the final year of his contract with the Clippers that would have paid him $1.9 million next season. He gives the Kings a true point guard and much-needed depth at the position, especially if they lose starter Isaiah Thomas, who is a restricted free agent in line for a big pay raise this summer.

Collison averaged 11.4 points and 3.7 assists in 25.9 minutes last season, primarily as Chris Paul’s backup.

Raptors re-sign guard Lowry

In Toronto, Kyle Lowry, who helped Toronto reach the postseason for the first time in a half dozen years, and the Raptors have agreed to a four-year contract extension.

The 28-year-old free-agent guard told Yahoo Sports “Toronto is just the right place for me” and retweeted the report about the deal. The contract is reportedly worth $48 million.

Lowry averaged 17.9 points and 7.4 assists in his second season with Toronto.

He was acquired in a July 2012 trade with the Houston Rockets, who were one of the clubs looking at adding Lowry to their roster.

Lowry has averaged 11.7 points and 5.4 assists in 506 NBA games for Memphis, Houston and Toronto.

Bradley agree on $32 million, 4-year deal

In Boston, Avery Bradley has agreed to a $32 million, four-year deal to remain with the Boston Celtics.

Agent Mitchell Butler confirms the deal Wednesday for Bradley, the No. 19 pick in the 2010 draft.

Bradley averaged a career-best 14.9 points in 60 games last season as the starting point guard while Rajon Rondo was recovering from a torn knee ligament. Bradley can play either guard spot and is a strong defender.

The Celtics extended a qualifying offer to Bradley on Monday, making him a restricted free agent and allowing them to match any offer he received from another team.

Bucks owners admit errors made in luring Kidd

Meantime, New Bucks owners Marc Lasry and Wes Edens admit there may have been errors in how Jason Kidd was lured to coach Milwaukee.

That doesn’t mean they aren’t happy to have him.

“Our one goal is to hire people to run it, that know what they’re doing,” Edens said. “Jason is someone I’ve admired as a player. He did a great job managing the Nets this year and we think he’s the best young coaching talent in basketball.”

Kidd, who was formally introduced on Wednesday at the BMO Harris Bradley Center, said there were no hard feelings over his abrupt and surprising departure from Brooklyn, where he won 44 games and reached the second round of the NBA playoffs as a first-year head coach.

Kidd dismissed the suggestion that he left after being turned down in seeking control of the Nets’ basketball operations department. And he said he had no plans to seek a similar role in Milwaukee, where general manager John Hammond is under contract through the 2015-16 season.

“They are not true,” Kidd said. “It’s not about power. You guys ran with that. It’s not about power. As I was introduced, I’m the coach.”

Brooklyn agreed on Monday to deal Kidd to Milwaukee for second-round draft picks in 2015 and 2019. The Bucks fired Larry Drew, who had no indication he wouldn’t be back for a second season. The whole affair was messy and played out in the media for days before the deal was announced, overshadowing the positive buzz surrounding the Bucks’ selection of University of Duke star Jabari Parker with the No. 2 overall draft pick.

Lasry said it was wrong to not bring Hammond into the loop earlier in the process, which began last week when the owners sought permission from the Nets to speak with Kidd. Lasry and Kidd are friends.

“We were asked to keep it confidential,” Lasry said. “In retrospect, that was a mistake. I would tell you that it was very much newness. We’ve learned a lot in this process. Our view, and it hasn’t changed from the beginning, is that all the basketball operations go through John. In this process, we learned we made a mistake.”