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Portland, coach Terry Stotts reach deal on multi-year contract extension

May 15, 2014, 6:05 PM EST

Terry Stotts Terry Stotts

UPDATE 6:05 pm: And it’s official.

The Portland Trail Blazers and coach Terry Stotts have reached a three-year contract extension, the team announced (this is reportedly a three-year deal, with a team option for the fourth).

“Terry has done an outstanding job during his first two years with the organization,” team GM Neil Olshey said in a released statement. “This extension illustrates our confidence in him as our head coach as well as the Portland Trail Blazers’ continued commitment to building a model of consistency and stability.”

“Portland is a unique and special place and I’m very proud to be the head coach of the Trail Blazers,” said Stotts in the same statement. “We started the process two seasons ago and laid the foundation for success. I look forward to the possibilities of the upcoming seasons.”

4:51 pm: Coach your team to a 21-game improvement, win 54 games and get to the second round of the playoffs with one of the most entraining teams in the league and you deserve a contract extension.

That’s what Terry Stotts did — and he’s about to get that payday.

Stotts was about to enter the third year of a three-year deal but he’s going to get a little more job security, reports Adrian Wojnarowski of Yahoo Sports.

After a remarkable franchise turnaround, Portland Trail Blazers coach Terry Stotts is nearing agreement on a multiyear contract extension, league sources told Yahoo Sports. The Blazers hold an option on the third and final year of Stotts’ contract for 2014-15, but that’ll likely be torn up and replaced with the new deal.

Blazers general manager Neil Olshey and Stotts’ agent, Warren LeGarie, have been working on the deal, and it’s expected to be finalized in the near future, league sources said.

Stotts has developed an offense around LaMarcus Aldridge and Damian Lillard that is one of the best in the league (fifth best in the league at 108.3 points per 100 possessions in the regular season). That offense got them past the Houston Rockets in the first round of the playoffs.

There is a need for a better defense (16th in NBA) and more depth, but Stotts has earned the right to guide the team through that and see if he can help lift them to the next level (in a very deep West that t will not be easy).

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