Report: Denver Nuggets, Ty Lawson agree to contract extension

The Denver Nuggets and guard Ty Lawson have agreed on a contract extension, sources told Marc J. Spears of Yahoo! Sports

https://twitter.com/SpearsNBAYahoo/status/263356591036846080

Lawson soon confirmed the extension on his Twitter account:

https://twitter.com/TyLawson3/status/263354774785781760

Lawson and the Nuggets were inching closer to a deal that would keep the 25-year-old point guard with the team for years to come, according to a report Tuesday morning from David Aldridge of NBA.com.

A report from the Journal-Times earlier this week had some in the league speculating on the Nuggets offering Lawson a four-year deal in the neighborhood of $45 million.

The Nuggets had until the Oct. 31 deadline to sign draft picks from the 2009 class.