The Charlotte Hornets and franchise point guard Kemba Walker on the dawn of the new NBA season have agreed to a four-year contract extension.
Source have told ESPN.com that the Michael Jordan-owned Hornets have tied down prized guard Kemba Walker to a four-year, $48 million contract extension that will kick in starting the 2015/16 season.
Walker would have become an restricted free agent this summer but now both sides have penned a new deal before the deadline for an extension which was Friday.
Planning for the future
It was important for the Hornets to lock up what they consider as a franchise point guard to an extension to avoid the unenviable position of having two of their top prospects enter the free agency market.
Star player Al Jefferson is the other man who will need to be offered an extension in order to keep the center with the franchise and avoid the big man becoming a restricted free agent this summer.
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The window for these type of extension were made readily available after the 1st July, Kemba Walker joins the company of Cleveland's Kyrie Irving, Denver's Kenneth Faried and Phoenix Suns twins Markieff and Marcus Morris as players who have received these deals.
Michael Jordan who owns the Charlotte franchise was asked about the deals he hoped to make with players like Walker and Jefferson as they approach the end of their current deals.
Jordan told the Observer: "You are always concerned -- more so with Al because he's totally unrestricted,"
He continued: "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."