Australian big man Andrew Bogut reportedly signed a three-year, $36 million deal with the Golden State Warriors, a reliable league source disclosed on Friday.

According to Real GM, Bogut's new contract does not contain a player or team option while laden with bonus incentive that could jack up his paycheck to $42 million deal.

"Bogut's new deal doesn't contain any team or player options and includes incentives covering 10 to 15 percent of the $42-plus million, a source told RealGM. The agreement is set up to pay Bogut as a top six center - without the bonuses being met - but will recognize him as a top four big man should he reach performance- and health-based incentives," stated in a report by Real GM.

Drafted no.1 overall in 2006, Bogut played his first six seasons with the Milwaukee Bucks before he was traded to Golden State Warriors in 2012 in exchange for Monta Ellis in 2012.

Despite dealing with all sorts of injury last season, Bogut recovered just in time for the postseason and helped the Warriors reach the second round.

Bogut averaged 7.2 points, 10.9 rebounds and 1.5 blocks in 27.9 minutes per game. In 2010, Bogut made it to the 2010 All-NBA third team after averaging 15.9 points, 10.2 rebounds and 2.5 blocks with the Bucks.