According to multiple published reports, the Charlotte Hornets have come to terms with point guard Kemba Walker on a four-year, $48 million contract extension.

A Friday deadline loomed for the deal, otherwise Walker would have become a restricted free agent next summer.

Kemba posted averages of 17.7 points and 6.1 assists, and helped drive the Bobcats towards the second playoff berth in franchise history.

Per the Charlotte Observer:

At mid-afternoon Tuesday, Charlotte Hornets owner Michael Jordan said he was intent on signing Kemba Walker to a contract extension by Friday’s NBA deadline.

 

Five hours later the deal was done. Walker and the Hornets have agreed to a four-year, $48 million deal that will start in 2015-16, according to a knowledgeable source.

 

In an interview Tuesday afternoon, Jordan laid out the importance of retaining Walker and center Al Jefferson, who can opt out of the final year of his contract this summer. […] “I’d much rather get Kemba done before the season starts,” Jordan said. “Ultimately that’s what I intend to accomplish. We’re in real conversations. I’m hopeful. Really hopeful. They are core pieces of what we’re trying to do. I’d like to keep both of those guys. I say I’d like to, and I’d spend the money that’s appropriate. I’ll make every attempt to keep them.”