On Thursday, the 76ers and guard Lou Williams reached an agreement.

Yesterday, Williams' agent, Merle Scott, said his client would formally sign the five-year contract next week when the two parties can "schedule a time."

The value of the contract is reportedly about $25 million.

In his three-year Sixers career, Williams has averaged 7.2 points and 2.2 assists per game, but he averaged 11.5 points per game last season and 12 in the 76ers' six-game playoff loss to Detroit.

"When everything came down to it, this was the situation that was all-around the best for [Lou]," Scott said. "Not just financially. He enjoys the city, he enjoys [76ers coach] Mo Cheeks, he enjoys his teammates."

Scott said there was civil communication between the organization and Williams throughout the summer.

"You go with the flow, but you knew they had to spend money on a free agent before they could move on to Louis and Andre [Igoudala]," Scott said, referring to the 76ers' two restricted free agents. "We were patient with them. We let them go through the Elton Brand situation. They were patient with us as we went out and did our due diligence in finding Louis' fair market value."

Scott said that other NBA teams, as well as certain European clubs, were interested in Williams, but that his preference was to return to the 76ers.

Since the NBA lifted its free-agent signing moratorium on July 8, the Sixers have signed two-time all-star power forward Elton Brand and guards Royal Ivey and Kareem Rush, and have now agreed with Williams.

The final piece, it seems, is guard/forward Andre Iguodala, the Sixers' leading scorer last season. Iguodala rejected the Sixers' five-year, $57 million extension offer last year.

Calls to Iguodala's agent were not returned.