Report: Clippers, Griffin Agree To $95M Extension

(CBS) – The Los Angeles Clippers and Blake Griffin have agreed to a 5-year, $95 million extension, sources have told CBSSports.com.

The Clippers have not confirmed this report.

From Ken Berger’s blog:

The deal will fall under the so-called “Derrick Rose Rule,” meaning Griffin’s extension will start at 30 percent of the cap in 2013-14 — provided he reaches certain benchmarks. Under the new collective bargaining agreement, a player with less than seven years of service can receive a max contract starting at 30 percent of the salary cap if he’s voted MVP of the league, All-NBA first, second or third team twice or an All-Star starter twice.

(©2012 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

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