Robert Covington and the Philadelphia 76ers are finalizing a contract extension for four years and $62 million, according to multiple reports.
“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,” ESPN reported.
According to that report, Covington’s new deal will include a $15 million bump on his $1.57 million salary this year, as well as four extra years to extend the contract through 2021-22.
“The $15 million renegotiation is the largest single-season figure negotiated since that became an available contractual avenue in the NBA,” ESPN noted.
Covington, 26, is 6-foot-9 and having a career season for the up-and-coming Sixers, averaging 16.8 points and 5.7 rebounds, and shooting 50 percent on 3-pointers. He has been an underrated fit next to young stars Joel Embiid and Ben Simmons.