Ibaka’s new deal with Thunder reportedly for $48M

Subscribe Now Choose a package that suits your preferences.
Start Free Account Get access to 7 premium stories every month for FREE!
Already a Subscriber? Current print subscriber? Activate your complimentary Digital account.

Associated Press

Associated Press

OKLAHOMA CITY — The Oklahoma City Thunder took a big step toward sticking around as an NBA championship contender.

The Thunder and general manager Sam Presti still face difficult decisions in the team’s quest to remain a title threat for the long haul after reaching the NBA Finals last season, but reaching a contract extension with blocks leader Serge Ibaka is certainly a good start.

Ibaka came to terms on the deal on Saturday as the Thunder locked up another key member of their nucleus while also putting into question whether the small-market team can afford to keep Sixth Man of the Year James Harden beyond next season..

Ibaka posted on Twitter that he was happy for the chance to play for the Thunder for five more years. Presti didn’t provide details of the contract, citing team policy, but Yahoo! Sports first reported that the deal is for four additional years and $48 million.

“At 23 years old (by the time next season starts), we really do expect his best basketball to be in front of him,” Presti said in a conference call, hours before his wedding.

Presti dismissed the notion that Ibaka’s signing means that Harden’s departure is inevitable. But with more than $50 million committed per season to All-Stars Kevin Durant and Russell Westbrook and starting center Kendrick Perkins, there is not much room left in the budget for Harden, who earned a spot on the U.S. Olympic team that won gold in London.