News broke on Tuesday morning that former NBA power forward Michael Beasley is headed overseas. The 30-year-old will reportedly sign with China’s Guangdong Southern Tigers for the remainder of the season.

Later Tuesday, reports surfaced including the dollar value of that contract. According to Jeff Goodman of WatchStadium.com:

This is a significant contract for Beasley. The veteran will make nearly as much on this two-month deal as he did on his year-long deal signed with the Los Angeles Lakers last offseason, according to Spotrac.

Beasley averaged only 10.7 minutes over 26 games with the Lakers this season. During this time, he averaged 7.0 points, 2.3 rebounds and 1.0 assists per game while shooting 49.0%.

Before the trade deadline, the Lakers sent Beasley and center Ivica Zubac to the Los Angeles Clippers for Mike Muscala. Beasley did not play a game for the Clippers. The team waived him only two days after acquiring him.

Beasley was drafted by the Miami Heat with the second overall pick of the 2008 draft. During his 11-year career he spent time with Miami, Minnesota, Phoenix, Houston, Milwaukee and New York. For his career he averaged 12.4 points, 4.7 rebounds and 1.3 assists while shooting 46.5%.

His best year came with the Minnesota Timberwolves in the 2010-11 season. At age 22, he averaged a career-high 19.2 points, 5.6 rebounds, and 2.2 assists. However, he was not named an All-Star.

The Lakers (28-29) and Clippers (32-27) are currently battling for the last playoff spot in the Western Conference. Also in contention are the Timberwolves and the Sacramento Kings.