Jrue Holiday and Philadelphia 76ers Reportedly Agree to Contract Extension

Jrue Holiday is the backbone of the Philadelphia 76ers and one of the NBA's rising stars at the point guard position.

According to USA Today reporter Sam Amick, the 76ers have rewarded Holiday's skills with a contract extension:

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The base of Jrue Holiday's deal with Philly is $41 million, source says, but minor incentives can and likely will take it to $46 million.

— Sam Amick (@sam_amick) November 1, 2012"

Hoopsworld's Alex Kennedy has the extension's length at four years, making Holiday's new deal look very, very good for both sides.

Holiday's deal comes on the heels of an excellent performance in Philadelphia's Wednesday night victory over the Denver Nuggets. The point guard dropped a double-double, scoring 14 points and dishing 11 assists. He also had six rebounds and three steals as if the rest wasn't enough.

He's not Chris Paul or Russell Westbrook yet, but Holiday has all the tools. He's 6'4'', and at 22 years old, he's still growing into the position, having played shooting guard at UCLA because of the presence of Darren Collison (although, point guard is his natural position).

Already in his fourth NBA season, Holiday is averaging 11.9 points, five assists, 3.3 rebounds and over one steal per game. His size allows him to play physical, but he's also exceptionally quick on both ends of the floor.

Locking Holiday down allows Philadelphia to create a foundation around an elite talent at the NBA's most important position. He's only going to get better, and his performance Wednesday night goes a long way toward proving that fact.

The 76ers paid a reasonable price for a high-level player, and Holiday gains security with one of the NBA's rising young teams. The deal benefits both sides, and that will only become more apparent as the Sixers enjoy what should be a successful season in the Eastern Conference.