The Philadelphia 76ers made it official on Monday and re-signed restricted free agent swingman Andre Iguodala to a new contract.
Terms of the deal were not disclosed, but a report in the Philadelphia Daily News said the two sides had agreed to a six-year pact worth $80 million.
Iguodala could have played the upcoming season on a one-year qualifying offer before becoming an unrestricted free agent next summer.
"We have maintained since the beginning of this process that Andre was a main priority for us because he is one of the best all-around young players in the league and an integral part to the success of our team," said Sixers president and general manager Ed Stefanski. "We are excited that we are able to keep a player with Andre's talent, athleticism and work ethic here in Philadelphia."
The Sixers selected Iguodala with the ninth overall pick of the 2004 NBA Draft. He has played and started 322 of a possible 328 games in his four-year career, averaging 14.8 points, 5.7 rebounds and 4.1 assists.
Last season, the 24-year-old Arizona product averaged a career-best 19.9 points with 5.4 rebounds and 4.8 assists in 82 games. He helped the 76ers reach the playoffs for the first time in three years.
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