A person with knowledge of the negotiations says Damian Lillard and the Portland Trail Blazers have agreed on a four-year Supermax extension that will be worth nearly $200 million.

The extension was agreed to on Sunday, the person said, speaking on condition of anonymity to The Associated Press Sunday because the deal has not been signed. It will kick in for the 2021-22 season with a salary of nearly $44 million and will end in 2024-25 with Lillard holding an option of nearly $55 million for that season.

The Blazers will pay Lillard $29.8 million next season and $31.6 million in 2020-21.