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Thunder extend Durant

Updated: July 8, 2010, 9:05 PM ET
Associated Press

OKLAHOMA CITY -- The Oklahoma City Thunder have formally signed forward Kevin Durant to a multi-year contract extension.

Team executive vice president and general manager Sam Presti announced the deal Thursday night, but didn't disclose any terms.

Durant's spokeswoman, Mary Ford, said Wednesday that Durant would receive the maximum deal possible, $85 million over five years.

Durant was the No. 2 overall pick in the 2007 draft and won the Rookie of the Year award. He averaged ...

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