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Guard Damian Lillard agrees to five-year extension with Trail Blazers

Portland Trail Blazers guard Damian Lillard has agreed to a five-year, maximum extension worth between $120 million and $129 million, according to multiple reports. 

Portland Trail Blazers guard Damian Lillard has agreed to a five-year maximum contract extension worth between $120 million and $129 million, according to multiple reports.

Yahoo! Sports' Marc J. Spears reported the value of the deal to be between $125 million and $129 million, while SportsCenter reported the value of the deal to be $120 million. 

The deal will include no options, and all five years will be guaranteed, according to USA Today's Sam Amick. 

Lillard's contract, which he can't sign until July 9, is the second-largest deal agreed to since the free agent negotiation period that began at 12:01 a.m. ET Wednesday. 

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Only the deal for New Orleans Pelicans' Anthony Davis—who agreed to a $145 million max extension—is worth more, although Comcast SportsNet Northwest's Jabari Young reports that if Lillard makes an All-NBA team that Lillard's deal could swell to a figure similar to Davis's. 

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With Lillard already under contract for the 2015-16 season, the deal could keep the third-year guard out of Weber State in Portland for the next six seasons.

Lillard, 24, averaged 21 points and 6.2 assists per game for the Trail Blazers during the 2014–15 season, and is a two-time All-Star.

Lillard's Portland teammate, LaMarcus Aldridge, is expected to sign with another team in free agency.