Durant posted an Instagram video confirming his intentions of signing a four-year, $164 million max contract with the Nets. Durant averaged 26 points, 6.4 rebounds and 5.9 assists in 78 games this season.
The two-time NBA champion averaged 32.3 points in 12 playoff games. Durant is expected to miss most, if not all, of the 2019-20 season after tearing his Achilles in Game 5 of the 2019 NBA Finals.
Durant cannot officially sign with the Nets until Saturday.
Durant, 30, spent his first nine seasons with the Seattle Supersonics/Oklahoma City Thunder. He is a 10-time All-Star and was named NBA MVP in 2014.
Durant could have signed a five-year, $221 million max contract with the Warriors.