Free-agent guard Flip Murray has reached an agreement in principle to join the Charlotte Bobcats, according to NBA front-office sources.

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, sources said.

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.

Source: ESPN.com

I guess we really are settling for White.