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The Denver Nuggets have reached terms on a contract extension with point guard Ty Lawson.
Lawson tweeted Tuesday that the deal is done after month-long negotiations, announcing to his followers that he'll be a Nugget "for another four years" and thanking Denver management for the extension.
The deal, which will take effect starting next season, is worth $48 million over four years, a league source told ESPN The Magazine's Chris Broussard.
First-round picks from the 2009 NBA draft were facing a Wednesday midnight deadline to secure a contract extension. In most cases, those who don't will become restricted free agents in July.
The Nuggets now have Lawson, center JaVale McGee and forwards Danilo Gallinari and Wilson Chandler signed to long-term deals.
Lawson tweeted Tuesday that the deal is done after month-long negotiations, announcing to his followers that he'll be a Nugget "for another four years" and thanking Denver management for the extension.
The deal, which will take effect starting next season, is worth $48 million over four years, a league source told ESPN The Magazine's Chris Broussard.
First-round picks from the 2009 NBA draft were facing a Wednesday midnight deadline to secure a contract extension. In most cases, those who don't will become restricted free agents in July.
The Nuggets now have Lawson, center JaVale McGee and forwards Danilo Gallinari and Wilson Chandler signed to long-term deals.