Dellavedova is nearing agreement on a four-year, $38 million contract with the Bucks, ESPN's Zach Lowe reports.

EDGE Analysis

Dellavedova is a restricted free agent, so the Cavaliers will have the option to match the Bucks' offer, but the Australian is ultimately expected to wind up in Milwaukee next season. After seeing Jerryd Bayless agree to terms with the Sixers earlier Friday, the Bucks' need for backcourt shooting intensified, and Dellavedova converted 41 percent of his three-pointers this past season. The 25-year-old also posted career bests in points (7.5) and assists (4.4), which could make him a serviceable backup point guard option for Milwaukee moving forward.