Terry Porter has agreed to a three-year contract worth about $7 million.
Porter was the 24th overall pick in the 1985 NBA Draft by the the Portland Trail Blazers and left them as their all-time assists leader with 5,319. He joined the Timberwolves in 1995 and helped them clinch their first-ever playoff berth in the 1996-97 season and to their first winning season the following year. After a run with the Wolves, he signed with the Miami Heat shortly before the 1998-99 season, and retired with the San Antonio Spurs after the 2001-2002 season.
He quickly stepped in to an assistant coaching position with the Sacramento Kings in 02-03. He was hired by the Bucks in 2003 as head coach. He was let go during the offseason in 2005 after the team failed to make the playoffs. He was an assistant coach for the Detriot Pistons during the 2006-2007 season and on June 7th, Porter was named Head Coach of the Phoenix Suns.