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Marcus Camby Contract Extension Coming?

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On the heels of a dominating performance in Game One down in Phoenix, ESPN's Marc Stein reports that Marcus Camby is in talks for a contract extension...

The Portland Trail Blazers are working toward securing Marcus Camby to a contract extension, according to sources with knowledge of the talks.

Sources said Monday that the two sides had already been negotiating toward a new deal that would keep Camby off the free-agent market this summer.

One source said a deal, if completed, would likely span two years in excess of $20 million.

Dwight Jaynes reported on 95.5 The Game that a contract extension is forthcoming.  During updates, the station used the following language...  

Marcus Camby has agreed in principle to a 2 year deal worth approximately 25 million dollars.  The deal is still waiting league approval. The deal should be done in a couple of days.  

After practice on Friday, Nate McMillan joked with reporters that he was pushing to bring Camby back by chanting "Mar-cus Cam-By!" when the topic was brought up in discussions by management.

Update (12:40PM)

Here's Dwight Jaynes's post...

The Portland Trail Blazers have reached an agreement on a contract extension for free-agent-to-be center Marcus Camby, according to a source within the NBA.

It is believed Portland will give Camby two years at a total of $25 million and an announcement could be expected as soon as Monday afternoon.

Kerry Eggers also tweets...

Blazers expected to announce contract extension today with Marcus Camby.

Update (1:15PM):

Jason Quick writes...

One person with knowledge of the talks said the two sides are "close to an agreement in principle" after nearly completing the deal on Saturday.

The deal is for two years and $21 million guaranteed. There is an additional $4 million of "unlikely bonuses" or incentives attached.     

Travis Demers of 1080 The Fan tweets...

Blazers to re sign camby 2 years 21 mil + 4 mil in incentives. Should be done today.

Update (1:44PM):

Joe Freeman tweets...

The Blazers and Marcus Camby are on the verge of agreeing to a 2-year contract extension worth a guaranteed $21 million.

Update (3:22PM)

Kerry Eggers writes...

The Trail Blazers have agreed to a contract extension for Marcus Camby.

And the Portland fans get a big assist for their part in the deal, which is subject to NBA approval, something the team hopes to come Monday or Tuesday.

The veteran center said he has been overwhelmed by the support he has received since coming to the Blazers in a trade with the Los Angeles Clippers in February.

Sorry for the delays and technical difficulty this morning.

-- Ben Golliver | benjamin.golliver@gmail.com | Twitter

PS Thanks to przybillafan2001 in the FanPosts and fitsnstarts in the FanShots for getting it up first.