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Yahoo Reports Alec Burks Agrees to a $42 Million Extension

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A Buffalo great just got paid.

Russ Isabella-USA TODAY Sports

Yahoo Sports is reporting the former Buffalo guard and current Utah Jazz star Alec Burks has reached an agreement on a four-year, $42 million contract extension.

Burks was selected with the 12th overall pick in the 2011 NBA Draft. Burks has developed into one of the NBA's better young shooting guards and is a cornerstone of the franchise's youthful core.

Burks, a member of the 2011 NBA draft class, and his agent, Andy Miller, had until midnight EST on Friday to negotiate an extension with Utah - or Burks could've entered into restricted free agency in 2015.

Burks, 23, is the third young Jazz player, along with Gordon Hayward and Derrick Favors, to reach a four-year extension with the franchise.

The Jazz and power forward Enes Kanter ended extension talks Wednesday, and he'll enter into restricted free agency in July. Utah can match any offer sheet and retain him.

This is awesome news for a player that could be considered the lynchpin of the Buffaloes basketball renaissance. Way to go, Alec!