By Tim Polzer
October 30, 2012

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

Lawson soon confirmed the extension on his Twitter account:

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

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.

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