Agent Goldfeder of Excel Sports told Adrain Wojnarowski of ESPN via twitter that Trail Blazers and guard CJ McCollum have agreed to a three-year contract extension on his current deal.
Wojnarowski also stated that both sides have agreed to three years $100 million extension. This deal will see McCollum reach a total of five years. The 27-year-old still has two years remaining on his current contract.
McCollum was 10th overall pick in 2013 draft; he is one of the league top backcourts with 20.8 PPG in the last four seasons.
McCollum became eligible for an extension on Saturday 27th July, three years after he signed his current contract. Both sides didn’t waste time negotiating the terms of the agreement. The deal is set to take effect on the 2021-22 season.
The three-year extension is the most the Blazers could have offered McCollum; though the $100 million is not the maximum he could have gotten for the deal. He could have earned $1114 million in the three-year extension, but this deal is slightly less, though better because it offers a long term security.
In the offseason, only five players signed a contract extension, McCollum being among them. He is also the second member of Blazer backcourt to get a profitable long term extension.
Trail Blazers has also agreed to extend Damian Lillard to a four year contract.
His extension will begin in 2021-22 the same year as McCollum.