PORTLAND, Ore. — Superstar point guard Damian Lillard won't be leaving the Portland Trail Blazers anytime soon.
Lillard, coming off the best season and deepest playoff run of his career, has agreed to a four-year extension worth approximately $196 million, according to multiple reports. The supermax extension will keep Lillard in Portland through the 2024-25 season.
Chris Haynes of Yahoo! Sports reports that the final season of Lillard's extension has a player option worth $54.3 million. The Athletic's Shams Charania first reported the news, and it was also confirmed by ESPN's Brian Windhorst.
The contract extension can't officially be signed until today at 3 p.m. PDT.
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Lillard, 28, is owed $61.4 million over the next two seasons, after which his contract is set to expire. His new extension will begin in the 2021-22 season.
LILLARD'S SUPERMAX EXTENSION
- 2021-22: $43.8 million
- 2022-23: $47.3 million
- 2023-24: $50.8 million
- 2024-25: $54.3 million
Bobby Marks of ESPN reported that Lillard becomes the first $50 million player in NBA history, and that his "$258 in combined salary (current and new money) is the most in league history."
He averaged 25.8 points, 6.9 assists and 4.6 rebounds per game this past season and led the Blazers to their first Western Conference finals appearance in 19 seasons.
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Jared Cowley writes about the Trail Blazers and other topics for KGW.com. He's also the co-host of the 3-on-3 Blazers podcast (listen here). You can reach him on Twitter @jaredcowley.
