This story has been corrected. Read below

The Brooklyn Nets reached a verbal commitment with Bosnian forward Mirza Teletovic, 26, on a three-year deal worth $15.675 million, according to sources close to the process.

The Nets will use their full mid-level exception to sign Teletovic.

The 6-foot-9, 250-pound Teletovic averaged 22 points and six rebounds per game for Caja Laboral in the Euroleague this season.

He reached a 2 million euro buyout with his club in June so that he could play in the NBA this upcoming season.

A July 3 story about the Nets signing Mirza Teletovic misidentified his nationality. He is Bosnian.