Apr 9, 2013; Salt Lake City, UT, USA; Utah Jazz shooting guard Gordon Hayward (20) drives to the basket in front of Oklahoma City Thunder center Kendrick Perkins (5) and shooting guard Thabo Sefolosha (2) as point guard Russell Westbrook (0) looks on during the second half at EnergySolutions Arena. The Thunder won 90-80. Mandatory Credit: Russ Isabella-USA TODAY Sports

Gordon Hayward’s extension with Utah Jazz will be over $50 million?

The Utah Jazz and forward Gordon Hayward have until October 31st to come to an agreement on a contract extension and according to Marc Stein of ESPN, they are inching closer on doing so. Not only that, but the contract will reportedly be more lucrative than the deal given to big man Derrick Favors last week:

Heard first strong rumbles this weekend that Gordon Hayward, like Derrick Favors, will indeed get extension from Jazz before Oct. 31 buzzer. Jazz won’t go any farther publicly than acknowledging talks ongoing but I’m told deal — if completed — will be richer than Favors’ deal

If the two sides are unable to come to a deal, that would result in Hayward becoming a restricted free agent at season end. That of course gives the Jazz the ability to match any contract Hayward would be presented, though, they’d be risking Hayward being offered a more lucrative deal than whatever they offer the talented forward.

It is expected that the two sides will come to an agreement before the deadline, however, which is great news for Jazz fans.

Tags: Gordon Hayward Utah Jazz