Nuggets Sign Ty Lawson To Four-Year Extension

October 30 2012 at 7:56pm CST By Luke Adams

7:56pm: The team announced via press release that Lawson has signed the extension, making it official.

2:18pm: Lawson's extension will be worth $48MM over four years, according to Adrian Wojnarowski of Yahoo! Sports (via Twitter).

2:07pm: The Nuggets and Ty Lawson appear to have come to an agreement on a four-year extension for the Denver point guard. While we don't have any details yet on the exact terms, Marc J. Spears of Yahoo! Sports confirms (via Twitter) that the two sides have agreed to a new deal. Lawson broke the news today on his own Twitter feed.

"It Looks like im going to be a nugget for another 4 yrs," Lawson tweeted. "Thanks to the Kronke family, Masai, nuggets fans and everybody 4 believing In me."

Lawson had long been considered one of the top candidates from this year's class of extension-eligible fourth-year players to sign a contract extension, with ESPN.com's Marc Stein reporting earlier this month that it seemed like more a question of "when" than "if." Negotiations between the two sides seemed to stall earlier this week, but it appears that was just a temporary setback.

TNT's David Aldridge reported overnight that Lawson had turned down the Nuggets' offer of four years and $45MM, so the amount the 24-year-old agreed to is likely a little higher. When I examined Lawson as an extension candidate earlier this summer, I estimated that an annual salary in the neighborhood of $10MM could be about right, suggesting that perhaps it could go a little higher if Lawson was extended for four years rather than five.

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