From The Oregonian’s Jason Quick on Twitter:
Agent Rick Kaplan just confirms: Marcus Camby has signed two-year contract extension with Blazers.
Blazers general manager Kevin Pritchard also confirms Camby signing
Kaplan says its two years, $21 million guaranteed and $5 million in incentives
Also, from John Hollinger:
Because the league said it expects a higher than expected cap number — and in turn a higher than expected luxury tax line — it should enable the Blazers to add Camby at roughly $10 million a year without going over the tax threshold. That didn’t seem to be the case a few days earlier.