Trail Blazers and Terry Stotts Reach Contract Agreement

Adrian Wojnarowski of TheVertical is reporting that Terry Stotts and the Portland Trail Blazers have reached an agreement on a contract extension.

Portland and coach Terry Stotts have reached agreement on a contract extension, league sources tell @TheVertical.

— Adrian Wojnarowski (@WojVerticalNBA) May 17, 2016

Stotts has agreed on three-year extension with Blazers that takes him through 2020, sources tell @TheVertical. Extension starts in 2017-'18.

— Adrian Wojnarowski (@WojVerticalNBA) May 17, 2016

As Wojnarowski mentions, the team has an option to retain Stotts through the 2016-17 season on his current contract, which they will evidently do as part of this extension.

ESPN's Kevin Arnovitz adds that the average yearly salary of the extension will be $5 million.

The 3-year extension for Terry Stotts in Portland will average approximately $5 million over those three years.

— Kevin Arnovitz (@kevinarnovitz) May 17, 2016

Stotts has accumulated a 182-146 record with the Blazers in 4 seasons, 11-16 in the post-season. He was the runner up for the NBA's Coach of the Year Award in 2016 and guided his team to the second round of the Western Conference Playoffs.