The deal will include a $15 million renegotiation bump on Covington’s $1.57 million salary this season, plus an additional four years that’ll keep Covington under contract through the 2021-22 season.
Philadelphia 76ers forward Robert Covington is finalizing the framework of a four-year, $62 million contract extension, league sources told ESPN. Sixers general manager Bryan Colangelo and Covington's representatives with CAA Sports are expecting a signed agreement as soon as the end of this week, league sources said.
Shams Charania: Sources: 76ers forward Robert Covington plans to sign a four-year, $62 million contract renegotiation-and-extension on Friday.
Marc Stein: The widespread expectation: Roughly $15 million immediately injected into Robert Covington’s 2017-18 renegotiated season to set up a slightly reduced figure in subsequent extension years
When asked if he was confident a deal could get done with the Sixers, Covington, who turns 27 in December, said he was. “We definitely have been in talks with everything,” Covington said during the Sixers’ media day on Monday at their practice facility in Camden. “Both side are very open to what is going on and it is a matter of the right move that is going to be made.”
Covington said he would like to remain with the team, but admitted that nothing is certain. “Being part of everything that transpired in the past years, you definitely want to be part of that,” he said. “A lot of things are transitioning, but it is a business, and you definitely don’t know how things will pan out.”
The Philadelphia 76ers are interested in signing forward Robert Covington to an extension this offseason, according to a source with team knowledge.
As his contract is currently constructed, Covington, 26, is scheduled to make just $1.5 million for the 2017-18 season, which would make him one of the biggest bargains in the NBA. However, he is also set to hit unrestricted free agency following the season, and the organization doesn’t want to run the risk of losing him on the open market.
Derek Bodner: Bryan Colangelo says a Covington extension is "certainly something I think we want to address". Wants to make him part of org on longer-term basis
June 29, 2022 | 2:15 pm EDT Update
Khobi Price: NEW — The Orlando Magic aren’t expected to tender a qualifying offer to Mo Bamba by the end of Wednesday, which will make him an unrestricted free agent on Thursday, a person with knowledge of the situation orlando sports. Raptors, Knicks, Lakers, Rockets, Heat, Timberwolves to be interested.