After 15 often spectacular seasons in the NBA, Tracy McGrady is finalizing agreement on a one-year contract with Qingdao of the Chinese Basketball Association, sources told Yahoo! Sports.

McGrady, a seven-time All-Star, couldn’t secure a guaranteed NBA contract for this season and decided against trying to make a roster in training camp.

McGrady, 33, will likely complete the deal within the next couple days and leave for China within the next one to two weeks, sources said. McGrady’s long-time partnership with former Houston Rockets center Yao Ming made McGrady a popular player in China, and he’ll be afforded star status there.

The Chinese season ends in March, allowing McGrady to return to the United States and possibly sign with an NBA playoff contender.

via Adrian Wojnarowski of YAHOO! Sports.com