Center Andrew Bogut has signed a three-year contract extension that could be worth $42 million with the Golden State Warriors, league sources told Yahoo Sports.
If Bogut stays on the floor and performs as a top-seven center in the NBA, he's likely to reach the bonus incentives that could push the deal to approximately $42 million, league sources told Yahoo Sports.
Bogut's agent, David Bauman, and Warriors general manager Bob Myers designed a contract for Bogut that will allow for payroll flexibility over the course of the three years, a league source told Yahoo Sports. Bogut will make $13 million-plus in 2014-15 before his annual base salary descends by 7.5 percent to $12 million in 2015-16 and to $11 million 2016-17.
After fighting injuries over the past few years, Bogut was traded to the Warriors in March 2012 and has become an integral part of a core the organization believes can eventually push for championship contention.
Bauman traveled to the Bay Area on Thursday to complete negotiations and the two sides finalized a deal on Friday afternoon.
The Warriors didn't want to risk the consequences of a healthy, productive 2013-14 season making Bogut the most attractive free-agent center on the market next summer. The Warriors have several key players – including Bogut, guard Stephen Curry and forward Andre Iguodala – locked into long-term deals now.
Bogut started the final 32 games of the 2012-13 regular season – as well as the Warriors' 12 playoff games – and has remained healthy heading into this season.
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For his career, Bogut has averaged 12.2 points and 9.2 rebounds.
Bogut, who was the No. 1 overall pick in the 2005 NBA draft, played his first seven seasons with the Milwaukee Bucks. He was traded to Golden State with Stephen Jackson for Monta Ellis, Ekpe Udoh and Kwame Brown.