Pau Gasol has agreed to a three year extension to his deal with the Lakers, keeping him with the team through 2014. Pen should hit ink in the next few days.
The exact terms of the deal will not be known for two years, because it will depend somewhat on the next CBA to begin in 2011. But it likely will be in the low $60 million dollar range for the three years.
That the Lakers would re-sign Gasol is not a shock, but the timing shows how badly they wanted to keep him in the fold. Lakers brass realizes that Gasol and Kobe — who is working an extension, or who may opt out this summer and re-sign with the team — are the keys to titles down the line. They have been together two years, and have been to the Finals twice. You need other good players to do that, but Kobe and Pau are the stars at the heart of the success.