The deal contains a player option.
With the extension, Lillard will now be a Blazer for six more season and earn an annual salary of $43 million, per Charania.
Damian Lillard and the Trail Blazers have had a close to flawless relationship with each other. His play improved in the playoffs, as he scored 26.9 points per game to go with 6.6 assists and 4.8 rebounds as Portland fell in four games to the Golden State Warriors in the Western Conference finals.
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The Weber State product, drafted No. 6 overall by Portland in the 2012 National Basketball Association draft, has helped lead the Blazers to the playoffs six times -most recently to the Western Conference finals, where they were swept by the Golden State Warriors. Lillard is the face of the franchise and seems fully committed to staying in Portland so he can make it a contender. He was NBA Rookie of the Year for the 2012-13 season. He is a four-time NBA All-Star and four-time All-NBA selection. He averages 23.5 points, 6.3 assists and 4.2 rebounds for his career. "We've been able to stick together through a lot of adversity and I think just what we've hung our hats on, what we've believed in, our culture, the togetherness, we've been able to truly build on that".