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The person, who spoke on condition of anonymity because NBA free agents can't officially sign until July 12, said the team and Mohammed orally agreed to a five-year contract -- with the final year an option -- that will pay him about $5 million next season.
Mohammed started 30 games last season for the San Antonio Spurs, averaging 6.2 points and 5.2 rebounds. The 6-foot-10, 250-pound center most likely will replace Wallace in the starting lineup, allowing Rasheed Wallace to remain a power forward.
Mohammed, who turns 29 on Sept. 5, probably will not be able to rebound, block shots and provide energy as Ben Wallace did, but he will cost about $9 million less next season.
The Bulls lured Wallace on Monday night, according to the person within the league, for a four-year deal reportedly worth $60 million -- about $10 million more than the Pistons were willing to pay the four-time Defensive Player of the Year.