Thompson had been subject of intense trade speculation earlier this year…
Golden State Warriors shooting guard Klay Thompson has finally ended speculation over his future after signing a four-year extension worth around $70m.
The team announced the new deal on Friday ahead of the midnight deadline which ensures that Thompson will not become a restricted free agent next summer.
According to ESPN sources, the four-year deal is a maximum contract projected to be in the $70m range although the specific numbers will only become known in July when the NBA announces the exact 2015/16 salary cap.
Despite all the speculation to the contrary, the Warriors have shown their desire to keep Thompson at the franchise after talks broke down with the Minnesota Timberwolves in the summer with Kevin Love being discussed in a trade deal.
It is understood that they also dismissed several recent inquiries for him as extension talks dragged on, with many suggesting that he can be regarded as the best two-way guard in the league.
While that is still up for debate, there is no denying Thompson’s contribution to this team as not only has he helped the franchise become a regular fixture in the playoffs, but from a commercial perspective he and Stephen Curry have transformed the team into one of the most exciting in the league.
The 24-year-old averaged 18.4 points per game last season which was second only to Curry on the team and was also a career-high.
Both parties will likely be relieved to finally put an end to talks and speculation, and Thompson will now hope to form an integral part of the Warriors’ push in taking them to the next level under first-year coach Steve Kerr.