Rockets' Yao signs five-year extension
Posted on: Wednesday, 31 August 2005, 17:35 CDT
WASHINGTON (Reuters) - Houston Rockets All-Star center Yao Ming signed a five-year contract extension Wednesday, according to media reports.
The new pact, signed in Beijing, should keep the 24-year-old with the Rockets through the 2010-11 season, sources familiar with the negotiations told the Houston Chronicle.
In three seasons with the Rockets, the 7-foot-5 Chinese center has averaged 16.4 points and 8.5 rebounds. He has made the All-Star team in each of his NBA seasons.
Using current salary cap figures, Yao's new contract would be worth $80.9 million over five years, the Chronicle reported.
Next season, the last of his rookie contract, Yao will earn $5.5 million.
Yao, the number one overall pick in the 2002 NBA draft, had said for more than a year that he hoped to play his entire career with the Rockets.
Source: REUTERS
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