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august 18, 2012 • 01:14 PM • last update 01:47 PM

Ibaka's new deal with Thunder reportedly for $48M

Serge Ibaka, seen here playing for Spain in the Olympics, reportedly has a new deal with the Thunder.
Foto: Getty Images

NBA blocks leader Serge Ibaka has agreed to a contract extension with the Oklahoma City Thunder, bringing back another key contributor to a team that made the finals last season.

General manager Sam Presti announced Saturday that Ibaka had agreed to a multi-year extension but did not provide details, citing team policy. Yahoo! Sports first reported he deal is for four years and $48 million.

Ibaka's signing could pivotal in the future of the franchise, which already has All-Stars Kevin Durant and Russell Westbrook locked into expensive, long-term contracts.

This summer is the first time Ibaka and Sixth Man of the Year James Harden are eligible for extensions to their rookie contracts, and the small-market team could be in a crunch to bring both back beyond next season. Ibaka spent the offseason playing for Spain and collecting a silver medal in the Summer Olympics, while three of his teammates won gold with the U.S.

Ibaka's extension was seen as critical for the Thunder as they seek to remain atop the Western Conference after rivals the Los Angeles Lakers made significant additions to their roster in the offseason, including acquiring All-Star Center Dwight Howard and two-time MVP point guard Steve Nash.

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