http://seattlepi.nwsource.com/basketball/130756_ollie14.html <div class="quote_poster">Quote:</div><div class="quote_post">Kevin Ollie, the Sonics' free-agent point guard, has agreed to accept a five-year, $15 million contract from the Cleveland Cavaliers. Ollie's agent, Bill Neff, would not comment on salary specifics, but did confirm the five-year deal had been agreed upon. The Sonics were one of three final teams in consideration for Ollie. The Milwaukee Bucks' final offer is believed to be for four years at more than $10 million. The Sonics' offer was more than $6 million over three years. Free agents cannot sign contracts until Wednesday but can make handshake agreements before then. Ollie has played with nine teams in his six seasons in the NBA, and this will be the first time he has signed a multi-year, guaranteed contract. Of the three free agents the Sonics wanted to re-sign this summer, Ollie was the only one who is unrestricted, meaning he could pick his destination. The Sonics were the first team to assure Ollie he would be offered a multi-year guaranteed contract, but on Sunday were no longer in the bidding for Ollie. "We were competitive but unfortunately we weren't competitive to the tune of getting it done," Seattle general manager Rick Sund said on Sunday night. Ollie's preference for staying in Seattle was outweighed by the practical considerations that this may be his best chance at the biggest contract for his career. "Seattle interested him (Kevin) a lot for a lot of reasons," Neff said on Sunday. "He likes playing with Ray, he likes the organization, he likes (Howard) Schultz, but when you're in someone like Kevin Ollie's shoes, you don't get that many swings at something like this." Ollie was the only true point guard on the Seattle roster at the end of last season. Seattle used one of its two first-round picks in last month's NBA draft, No. 14 overall, to pick a point guard, Luke Ridnour of Oregon. "Kevin is a great guy, and we couldn't be happier for him if he gets a really good contract," Sund said. The Sonics will now be seeking a backup guard on the free-agent market. The Sonics hosted free-agent guard Antonio Daniels last week, and the team may also be interested in Erick Strickland, Jacque Vaughn and Speedy Claxton. Ollie, 30, averaged 8 points and 3.8 assists in the 29 games he played with the Sonics, but it was his defense and his demeanor that were seen as equally significant assets for the youthful Sonics.</div>
