NBA Roundtable

Thunder Extend Thabo Sefolosha

In General NBA on October 28, 2009 at 6:00 pm

RealGM reports

The Oklahoma City Thunder have signed guard Thabo Sefolosha to a multi-year contract extension, it was announced today by Executive Vice President and General Manager Sam Presti. Per team policy, the terms of the deal were not disclosed.

“We are excited that we were able to reach an agreement that will keep Thabo a part of our core group moving forward,” said Presti.

“Thabo represents many of the qualities that we look for in our players, great competitiveness, a team first mentality, and a strong work ethic. We believe Thabo’s best basketball is ahead of him, and his desire to remain a part of the Thunder family allowed for us to make this happen.”

Surprising, I hadn’t expected Sefolosha to get a contract extension.

No word yet on the figures involved but I have to think that the Thunder got themselves a good-to-great deal here (guessing $4mil per annum over three years, maybe less). Thabo’s ability as a player and potential as a player far exceeds his reputation, and players like him generally get underpaid. The odds are good that Oklahoma did well for themselves.

As for Thabo, can’t say for sure until the figures are leaked, but I imagine that he would have been better off waiting for free agency next year.

Update: ESPN says that the contract is for four years and is less than half of Thabo’s cap hold next offseason which is $8 million and change.

Update: Marc Stein has the numbers:

The year-by-year breakdown:

*$3 million in 2010-11

*$3.3 million in 2011-12

*$3.6 million in 2012-13

*$3.9 million in 2013-14

That is a fantastic contract. It totals $13.8 million over four seasons which also includes incentives.

For a young player of Thabo’s caliber, and for a player with Thabo’s potential, that is an extremely good contract.

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