Charlotte Hornets point guard Kemba Walker told the team he intends to sign a multimillion-dollar deal with the Boston Celtics once a moratorium on free-agent contracts ends on July 6, according to media reports.

The three-time NBA All-Star is expected to meet with the Celtics on Sunday to discuss a four-year, $141 million contract, The Associated Press reported. The Hornets could have paid Walker as much as $221 million over five years, The Charlotte Observer reported.

The team felt it could justify less than $170 million due to concerns about the league's luxury tax, which penalizes teams for large payrolls.

Walker, 29, spent his first eight seasons with the Hornets and is their all-time leading scorer. He averaged 25.6 points per game last season.

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Walker's addition to the Celtics would be welcome, as the team is expected to lose point guard Kyrie Irving in free-agency, according to the paper. He could possibly sign with the Brooklyn Nets.