Utah Jazz guard Alec Burks has reached an agreement on a four-year, $42 million contract extension, league sources told Yahoo Sports.
Reachable incentive clauses could push Burks’ deal to $45 million, sources said.
Burks has developed into one of the NBA’s better young shooting guards and is a cornerstone of the franchise’s youthful core.
Burks, a member of the 2011 NBA draft class, and his agent, Andy Miller, had until midnight EST on Friday to negotiate an extension with Utah – or Burks could’ve entered into restricted free agency in 2015.
Burks, 23, is the third young Jazz player, along with Gordon Hayward and Derrick Favors, to reach a four-year extension with the franchise.
The Jazz and power forward Enes Kanter ended extension talks Wednesday, and he’ll enter into restricted free agency in July. Utah can match any offer sheet and retain him.
Burks has averaged 16.5 points in his first two games, two and a half points above his average in the 2013-14 season. Jazz coach Quin Snyder plans to feature Burks as a major part of his system.
Utah drafted Burks with the 12th overall pick out of Colorado in 2011.
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