Sources say the proposed deal doesn't include any options and is guaranteed for three years.
In addition to Golden State's offer, sources say Iguodala is mulling multiyear deals from the Houston Rockets, San Antonio Spursand Sacramento Kings.
A decision is expected soon, according to sources.
It is believed that the Warriors upped their initial offer by a couple million and relinquished tagging a partial guarantee onto the third year of the deal.
Golden State has already agreed to deals with Stephen Curry, Shaun Livingston and David West. Kevin Durant will re-sign at some point following Iguodala's negotiations.
On July 1, the first day of the free-agency period, Iguodala met with San Antonio, Sacramento, Houston and the Los Angeles Lakers. He canceled a meeting withPhiladelphia.
Iguodala flips script, meets with Warriors
Andre Iguodala goes against his original plan and meets with Golden State in a process that is moving faster than anticipated.