From ESPN’s Marc Stein:
Just filed to ESPN.com: Blazers and Marcus Camby in talks on contract extension. POR hopes to lock up Camby before free agency.
As we’ve been over before, this is a necessity for Portland. The earlier they can get Camby locked up, the better. We’ll update as soon as a link is available.
Sidenote: It’s worth wondering who is leading the extension talks on Portland’s side of things. If the front office is in as much doubt and turmoil as we’ve been led to believe, it would seem less likely that they would get their acts together during the playoffs to sign Camby. This could be a good sign for Kevin Pritchard supporters.
UPDATE: Here’s the full story from Stein.
Sources said Monday that the two sides had already been negotiating toward a new deal that would keep Camby off the free-agent market this summer.
One source said a deal, if completed, would likely span two years in excess of $20 million.
At that price, the Blazers would indeed be giving Camby a slight raise from his $9 million-a-year contract that expires this summer. This is inconsequential, and we predicted that a raise would be expected at the price of a shorter contract, and perfectly fine.
And from Kerry Eggers:
Blazers expected to announce contract extension today with Marcus Camby.
UPDATE, 1:42 PM: Jason Quick has the most exact figures we’ve seen.
The deal is for two years and $21 million guaranteed. There is an additional $4 million of “unlikely bonuses” or incentives attached.
Yup, still not seeing any downside whatsoever.