Deron Williams agrees to contract extension
July 17, 2008 11:31 PM
The Jazz and guard Deron Williams have agreed to a contract extension, according to Williams' agent, Bob McClaren.
According to sources, the extension is for three years with a fourth-year option and will pay Williams the maximum allowed by the NBA's collective bargaining agreement. The earliest Williams would become a free agent would be the summer of 2012.
The exact value of Williams' extension won't be determined under the NBA sets its salary cap next July. But Williams will earn approximately $50 million the first three years and as much as $70 million if he exercises the option.
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