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.