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Woj: Russell Westbrook Renegotiates Contract with Thunder

New reports suggest that Russell Westbrook and the Oklahoma City Thunder could be working on a three-year contract extension.

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Thunder GM Sam Presti appears to have convinced  Russell Westbrook to stay put in Oklahoma City. Adrian Wojnarowski of Yahoo! Sports relayed via Twitter that Westbrook will sign a 3-year, $85 million contract renegotiation with the Thunder on Thursday.

As reported, the three-year, $85 million renegotiation will include a player option for 2018-19 and increase Westbrook's 2016-17 salary from $17.5 million to $26.5 million. He would then make $28.5 million in 2017-18 and $30.6 million in 2018-19 if he chose to opt in. As such, this re-negotiation is essentially a one-year extension to his original contract which was set to end after next season.

The deal gives Presti time to build around the enticing backcourt of Westbrook and Victor Oladipo. The Thunder also lay claim to exciting pieces Steven Adams, Enes Kanter and Domantas Sabonis. Westbrook's decision to re-up with the Thunder also puts an end to rampant speculation that the all-NBA point guard might leave OKC in the wake of Kevin Durant's departure earlier this summer.

EDIT 8:56pm: The news was first broken by Sonics Rising's Kevin Nesgoda:

...but it was a group effort!

Nesgoda also claims that a deal to Boston had been in the works after Westbrook rebuffed the Thunder's initial offers: