Philadelphia 76ers forward Robert Covington is finalizi…

5 years ago via ESPN
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.

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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.
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.”
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.
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