Report: Serge Ibaka Signs 4-Year, $48 Million Extension with Thunder

Alex BallentineFeatured ColumnistAugust 18, 2012

OKLAHOMA CITY, OK - JUNE 06:  Serge Ibaka #9 of the Oklahoma City Thunder reacts after a play as Tony Parker #9 and Manu Ginobili #20 of the San Antonio Spurs look on in Game Six of the Western Conference Finals of the 2012 NBA Playoffs at Chesapeake Energy Arena on June 6, 2012 in Oklahoma City, Oklahoma. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Ronald Martinez/Getty Images)
Ronald Martinez/Getty Images

The Oklahoma City Thunder have reportedly come to terms with forward Serge Ibaka

According to Adrian Wojnarowski of Yahoo! Sports, the deal is for four years and $48 million.

Serge Ibaka deal is 4 years, $48 million, league source tells Y! Sports.

— Adrian Wojnarowski (@WojYahooNBA) August 18, 2012

The signing comes as great news for Thunder fans, as Ibaka has been a pivotal cog for the Thunder, especially last season when the team reached the NBA Finals. With Ibaka now wrapped up, the Thunder are guaranteed a core of Kevin Durant, Russell Westbrook and Ibaka with a chance to re-sign James Harden when his contract expires next season.

Ibaka enjoyed a career year in the 2012 season, starting all 66 games for the Thunder and leading the league in blocks by more than a block per game (Ibaka averaged 3.6, while second-place Javale McGee blocked 2.1).

The Thunder drafted Ibaka with the 24th overall selection in the 2008 NBA draft when the organization was still the Seattle SuperSonics. The 2012 season will mark Ibaka's fourth in the league; he would have been a restricted free agent at the end of the season had they not reached an agreement on an extension.

The Thunder have been relatively quiet this offseason, but the decision to keep Ibaka should be a move that keeps them right in contention with the league's other elite teams for the NBA title.