Qingdao's manager: 'McGrady will sign by Wednesday'

Sheng Xishun, manager of the club, confirmed the news to multiple media outlets on Tuesday morning, and revealed that McGrady will agree to the signing by Wednesday.

"Qingdao chooses McGrady for two reasons. One is that we hope he can help improve the team. The other is to take advantage of his influence to promote the team and the whole group," said Sheng in a Tencent Sports interview.

Sheng also revealed the signing was inspired by what Stephon Marbury and his Beijing Ducks accomplished last season, as the 35-year-old veteran led the Ducks to their first league title in two decades.

"We will try best to help McGrady adjust to life in the Chinese Basketball Association and extend his career as a player. We hope he can continue to play for Qingdao next year and make the team a championship contender."