The third overall pick of the 2010 NBA Draft will keep calling Utah his home, at least for the next four years. According to Adrian Wojnarowski of Yahoo! Sports, power forward Derrick Favors has inked a new contract extension with the Jazz.

Favors and the Jazz agreed in principle on a four-year, $49 million extension that could end up paying him even more depending on the exact details of his deal. Both sides could make the deal official as soon as today.

Utah wanted to lock Favors up rather than risk watching him become a restricted free agent in the summer of 2014.

Favors, 22, averaged 9.4 points and 7.1 rebounds in 23 minutes off the bench last season. He’ll get the chance to be a starter for a Utah team that lost Al Jefferson to the Charlotte Bobcats and Paul Millsap to the Atlanta Hawks during the offseason.

The Jazz acquired the talented big man in the Deron Williams trade with the Nets in February 2011. Since arriving to Utah, Favors has increased his rebounding numbers and his scoring average per game. He is definitely living up to the hype that surrounded him on draft day.

This article was written by John Ledesma Follow him on Twitter here and read more of his work here


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