NBA: Trail Blazers Confirm $100 Million CJ McCollum Deal

The Portland Trail Blazers have signed CJ McCollum to a new contract after he accepted their three-year extension worth a reported $100 million. The new deal will see him continue with the Blazers through to the 2023-24 season and his overall deal is now worth $157 million over five years.

“The Portland Trail Blazers have signed guard CJ McCollum to a multi-year contract extension, it was announced today by president of basketball operations Neil Olshey,” a statement from the Trail Blazers said Tuesday. “The three-year extension keeps McCollum under contract through the 2023-24 season.”

McCollum became eligible for the extension on Saturday and the franchise had no qualms about offering him the deal, which he immediately accepted. He now joins teammate Damian Lillard, who signed a four-year $196 million super max deal at the start of free agency, which ensures the Blazers backcourt will remain unchanged for the foreseeable future.

"CJ McCollum is a franchise cornerstone and a critical part of our future," Olshey said. "This extension represents a strong level of commitment between CJ, the Trail Blazers and the city of Portland."

McCollum has been an integral part of the Trail Blazers squad since they picked the 7^th overall in the 2013 NBA draft. He has helped them to two conference semifinals and 2019’s Western Conference finals where they lost to Golden State Warriors.

The 27-year-old has played 411 games for the Trail Blazers and averages 17.8 points while shooting 45 percent from the field, 3.1 rebounds and 2.9 assists. He is the 12^th leading scorer in Blazers franchise history and ranks seventh among franchise leaders in three-point shooting percentage.

"It’s an honor and a blessing to be in this position, honestly,” McCollum said Tuesday afternoon at his annual youth basketball camp in Beaverton, as quoted on Oregon Live. “Growing up in Canton, Ohio, going to a small school, the career I’ve had early on to now, it’s a testament to hard work, it’s a testament to the organization believing in me, having faith in me throughout my career up to this point. I’m looking forward to spending five more years here.”