Report: RFA Otto Porter reaches offer-sheet agreement with Nets

Washington Wizards restricted free agent Otto Porter Jr. has reportedly reached an agreement on a four-year, $106-million deal with the Brooklyn Nets, sources told The Vertical's Shams Charania.

The Wizards have the opportunity to match Brooklyn's offer by 11:59 p.m. ET on Saturday night, per Jeff Zillgitt of USA Today.

Throughout the offseason, the Wizards have maintained their intention to match any offer Porter were to receive.

Porter was reportedly set to meet with the Utah Jazz prior to this development; whether he still intends to take that meeting is unknown at this time.

Should the Wizards indeed match Brooklyn's offer, Washington's salary commitments would total $123 million and $121 million over the next two years, reports Bobby Marks of ESPN. Those figures would push them into the league's luxury tax.