According to ESPN's Adrian Wojnarowski, restricted free agent center Deandre Ayton has agreed to a four-year, $133M maximum offer sheet with the Indiana Pacers.

RFA center Deandre Ayton has agreed to a four-year, $133M maximum offer sheet with the Indiana Pacers, his agents Nima Namakian (Innovate Sports) and Bill Duffy (BDA Sports + WME Sports) tell ESPN. The Phoenix Suns have 48 hours to match the largest offer sheet in NBA history.

— Adrian Wojnarowski (@wojespn) July 14, 2022

Analysis: The Phoenix Suns now have 48 hours to either match the offer and keep Ayton or let him walk for free. If the Suns do match the offer sheet and keep Ayton, he cannot be traded until January 15 and cannot be traded to the Pacers for a full year.

Ayton still hasn't officially signed the offer sheet yet and a sign-and-trade deal is possible until he signs it.