The second year of Ibaka's contract contains a player option, Wojnarowski adds.
The Clippers are utilizing the full $9.25-million mid-level exception to acquire the big man.
After a three-plus season run with the Toronto Raptors, Ibaka is set to reunite with former teammate Kawhi Leonard in Los Angeles. Both Ibaka and Leonard played key roles in the Raptors' championship run in 2019.
Ibaka, 30, averaged 15.4 points, 8.2 rebounds, and 0.8 blocks in 55 games last season. He's likely to play either at the five or alongside starting center Ivica Zubac at power forward with Los Angeles.
Toronto currently has its own mid-level exception to utilize, ESPN's Bobby Marks notes.