Adrian Wojnarowski and Chad Ford are both reporting that LaMarcus Aldridge and the Trail Blazers have verbally come to an agreement on a contract extension. The deal is worth around $65 million for five years and with certain bonuses, could be worth up to $70 million.

Ford also adds this:

The deal comes after a summer of angst between the Blazers and their two young potential free agents—Aldridge and Brandon Roy. The Blazers, after some verbal sparring, reached an agreement with Roy on a five-year, $80 million dollar max contract. Aldridge was searching for a similar contract from the Blazers but after several months of negotiation settled on a deal worth roughly $15 million less.

This is incredible news for fans of Portland. There was so much negative talk surrounding the Aldridge negotiations and when this deal is finalized, it assures us that Roy and Aldridge will be here for a long time. I couldn't be happier.