Damian Lillard won’t be seeing free agency for a long time.
The Portland Trail Blazers signed their All-Star point guard to a four-year extension on Saturday – one that would be worth $196 million if Lillard exercises the final year of the deal in 2024-25, which will be at his option. He would be guaranteed well over $50 million that season.
Lillard’s extension was the biggest cash deal agreed to this summer in the NBA.
Blazers President Neil Olshey says Lillard “has exemplified every quality an organization could hope for in a franchise player. His perpetual leadership, willingness to embrace responsibility for outcome on the floor and ability to set a cultural standard illustrates what it means to be a Portland Trail Blazer.”
Lillard is a winner of the NBA’s J. Walter Kennedy Citizenship Award and has averaged 23.5 points and 6.3 assists in his first seven seasons with Portland.
Also on Saturday, the Blazers re-signed guard/forward Rodney Hood.
The 26-year-old averaged 9.6 points, 1.7 rebounds, 1.3 assists and 24.4 minutes in 27 games (four starts) after being acquired by Portland in a trade with Cleveland in February.
KOIN 6 News contributed to this article.