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McGrady, who played alongside Yao Ming for the Houston Rockets for six years from 2004-10, will reportedly become the biggest earner in the CBA on an estimated $800,000 per year.
The seven-times All-Star has already impressed his new employers with his work ethic and professionalism in practice and maintained he was fully committed to the Eagles.
“I am not going back to the NBA,” said the 33-year-old McGrady, coming off a career-low season averaging 5.3 points in just 16 minutes with the Atlanta Hawks.
“I retired from the NBA. CBA is it. It’s a process you have to go through before you make a decision like this.
“Your family has to be comfortable with your decision, because it’s going to be a long season and I will not be able to be there with them.”
— Reported by Alastair Himmer of Reuters