The deal, according to Babby, starts at $6.5 million next season and has a team option in Year 6 for a little over $10 million, Babby told Ford. Contracts cannot be officially signed until July 14.
The news will come as a blow to many teams hoping to land the oft-injured big man.
Foyle averaged 3.1 points, 3.8 rebounds and 1.0 blocks in 44 games for the Warriors last season. He was considered by many teams to be one of the few available big men willing to sign for the mid-level exception. However, in the end, Golden State gave him a far more lucrative deal to stay in the Bay Area.
Golden State's willingness to sign him to such a big contract likely spells the end of Erick Dampier's tenure in Golden State. Dampier is an unrestricted free agent and has been flirting with several teams, most prominently the Memphis Grizzlies.