Derrick Favors has reached agreement on a four-year, $49 million-plus contract extension with the Utah Jazz, league sources told Yahoo Sports.
Favors, 22, is a centerpiece of the Jazz's future and will take over a starting frontcourt position because of the off-season departures of Al Jefferson and Paul Millsap. A contract will be signed in the near future, sources tell Yahoo.
Favors wanted to remain with the Jazz, and that was important to an organization that has a history of building its roster around good, high-character players.
The third overall pick by New Jersey in the 2010 NBA draft out of Georgia Tech was the key player in the Jazz's trade of All-Star point guard Deron Williams to the Nets three years ago. In 23.2 minutes per game a season ago, Favors averaged 9.4 points and 7.1 rebounds.