Portland Trail Blazers sign Terry Stotts to multi-year extension

May 12, 2014; Portland, OR, USA; Portland Trail Blazers head coach Terry Stotts talks during a time out during the first quarter in game four of the second round of the 2014 NBA Playoffs at the Moda Center. Mandatory Credit: Craig Mitchelldyer-USA TODAY Sports
May 12, 2014; Portland, OR, USA; Portland Trail Blazers head coach Terry Stotts talks during a time out during the first quarter in game four of the second round of the 2014 NBA Playoffs at the Moda Center. Mandatory Credit: Craig Mitchelldyer-USA TODAY Sports /
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May 12, 2014; Portland, OR, USA; Portland Trail Blazers head coach Terry Stotts talks during a time out during the first quarter in game four of the second round of the 2014 NBA Playoffs at the Moda Center. Mandatory Credit: Craig Mitchelldyer-USA TODAY Sports
May 12, 2014; Portland, OR, USA; Portland Trail Blazers head coach Terry Stotts talks during a time out during the first quarter in game four of the second round of the 2014 NBA Playoffs at the Moda Center. Mandatory Credit: Craig Mitchelldyer-USA TODAY Sports /

On Thursday afternoon, Yahoo Sports’ Adrian Wojnarowski reported that the Portland Trail Blazers and head coach Terry Stotts were close to finalizing a contract extension. The Blazers had an option on Stotts for the 2014-15, but rather than simply keeping him for one more season, they wanted to reward him for the job he has done in two years with the Blazers.

According to the Blazers’ official website, the deal is now official.

"The Portland Trail Blazers have signed Head Coach Terry Stotts to a multi-year contract extension, it was announced today by General Manager Neil Olshey. Per team policy, terms of the deal were not disclosed.“Terry has done an outstanding job during his first two years with the organization,” said Olshey. “This extension illustrates our confidence in him as our head coach as well as the Portland Trail Blazers’ continued commitment to building a model of consistency and stability.”"

After going 33-49 in his first season, Stotts turned the Blazers around, leading them a 54-28 record this season. The Blazers then defeated the Houston Rockets in six games before bowing out to the San Antonio Spurs in five.