By Michael Donovan

Early in the day on Friday the Sixers lost point guard Ish Smith to free agency, and a few hours later they signed one.

Veteran guard Jerryd Bayless has agreed with the Sixers on a three-year, $27 million deal, league sources told ESPN’s Marc Stein.

The 27-year-old Bayless was a valuable backup for the Milwaukee Bucks for the last two seasons. He averaged 10.4 points and 3.1 assists last season.

Bayless will give the 76ers an experienced point guard, which the team prioritized heading into free agency.