Warriors sign Thompson to extension

The Golden State Warriors signed shooting guard Klay Thompson to a multi-year contract extension, the team announced Friday.

Although the Warriors did not provide details of the extension, multiple media outlets reported it is four-year maximum extension worth approximately $70 million.

“We’re excited to have one of the top young players in the NBA under contract for the next several years,” said Warriors general manager Bob Myers in a statement. “Our ownership group continues to demonstrate the commitment necessary to build a championship caliber team and we anticipate that Klay Thompson will play a major role in our future success and accomplishments, both on the floor and in the Bay Area community.”

“It’s hard for me to express how excited and happy I am to know that I will be playing in front of the best fans in the NBA for a long time,” said Thompson in a statement. “This team, under this ownership group and with this collection of players, has an incredibly bright future. I could not ask for a better situation and am extremely thankful.”

Thompson averaged a career-high 18.4 points per game last season and has made 545 3-pointers in his young NBA career, a record for a player in his first three years in the league. He is a career 40.9 percent shooter from 3-point range.

The Warriors had rejected offers and inquiries from other teams about the 24-year-old Thompson, including a late run by the Sacramento Kings to swing a trade for him.

Golden State also refused to budge this summer when Thompson’s name came up in trade talks with the Minnesota Timberwolves regarding forward Kevin Love, who ended up with the Cleveland Cavaliers.

If an agreement with Thompson had not been reached by midnight Friday, he would have become a restricted free agent next summer.