http://sports.espn.go.com/nba/news/story?id=4379864The Portland Trail Blazers have reached an agreement on a five-year contract extension with guard Brandon Roy, a league source told ESPN.com.
The contract will be for the maximum allowed under league rules. Specific numbers won't be available until the NBA salary cap is set next July. This year a starting max contract would be worth $87 million over the course of five years. However, next year the cap is expected to go down between 5 and 10 percent. That means the value of Roy's contract will go down, too.
"We've reached an agreement in principal," Roy's agent, Bob Myers, told ESPN.com Wednesday night.
Roy is expected to sign the contract and make it official on Thursday, according to sources.
The Blazers have been in an on-again, off-again contract negotiation throughout the month of July. At times, Roy's camp reportedly was frustrated with the Blazers unwillingness to offer Roy a maximum contract. It appears Roy ultimately got what he wanted.