Damian Lillard Tweets Announcement of Contract Extension

Portland Trail Blazers point guard Damian Lillard has tweeted out an announcement of an evident contract extension with the Portland Trail Blazers.

Thank you so much to @PaulGAllen and the @trailblazers organization I'll be in #RipCity 6 more years! Oakland to Ogden to Oregon..TO STAY

— Damian Lillard (@Dame_Lillard) July 2, 2015

From USAToday's Sam Amick:

Damian Lillard's extension with Blazers is done, I'm told: designated player max between five years $125-29 million. A payday in Portland.

— Sam Amick (@sam_amick) July 2, 2015

Amick and multiple others are reporting that the deal contains no options for either side. All 5 years are guaranteed.

Jabari Young reminds us correctly that in cases like Lillard's salary is calculated as a percentage of the salary cap on the exact year the contract takes effect.

Something to note: Damian Lillard's deal could stretch to $145M if he makes an All-NBA Team next year. Same deal as Anthony Davis

— Jabari Young (@JabariJYoung) July 2, 2015

The percentage is 25% normally, but if Lillard meets certain criteria it can rise to 30%. The criteria he has a chance to meet are:

--Make any All-NBA Team (1st, 2nd, 3rd) twice

--Be named League MVP

Lillard made the All-NBA 3rd Team in 2013-14. If he made another this year he'd qualify for the 30%.

Lillard's reaction:

Blazers @Dame_Lillard on his new max contract to Yahoo. pic.twitter.com/sglXmmLuuO

— Marc J. Spears (@SpearsNBAYahoo) July 2, 2015

This post will update as details become available.