Harrison Barnes and the Kings agreed to a four-year, $88 million contract, Marc Stein of the New York Timesreports.
The deal will decline each season and take up only 14% of the cap during the fourth season, Sam Amick of The Athletic reports.
Sacramento acquired Barnes at the trade deadline last season and he averaged 14.3 points and shot 40.8% from three in 28 games.
In addition to Barnes, the Kings will also reportedly bring in Dewayne Dedmon on a three-year, $40 million deal, according to Amick. And Trevor Ariza will also reportedly agree to a deal with Sacramento worth $25 million over two years, according to Shams Charania of The Athletic.