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Damian Lillard Tweets Announcement of Contract Extension

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Portland's point guard says he's in Portland for the long haul.

Craig Mitchelldyer-USA TODAY Sports

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

From USAToday's Sam Amick:

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.

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:

This post will update as details become available.