Serge Ibaka, Thunder Agree To 4-Year, $48M Extension

by August 18, 2012

Serge Ibaka and the Thunder have agreed to a four-year, $48 million extension, according to Yahoo! Luxury tax now seems inevitable if OKC is to re-sign James Harden at the end of this upcoming season: “Oklahoma City forward Serge Ibaka has reached agreement on a four-year, $48 million contract extension, league sources told Yahoo! Sports. Ibaka, 22, could’ve been a restricted free agent next summer, and his deal now locks into place three of the Thunder’s core young stars — Kevin Durant, Russell Westbrook and Ibaka. Durant and Westbrook each have the maximum contracts allowed under the NBA’s collective bargaining agreement. This deal leaves the future uncertain for guard James Harden, who could command a maximum contract on the league market as a restricted free agent next summer. Along with the remainder of Kendrick Perkins’ three years and $27 million, the small-market Thunder will be hard-pressed to invest so much money into their payroll.”