Today Bynum agreed in principle to a four-year contract extension worth around $58 million. According to the Los Angeles Times , he will earn $42 million in the first three years. The fourth year is reported to be a team option worth $16 million.
Bynum, who turned 21 this week, is currently making just over $2 million this season. The contract is based on potential despite the fact that he started less than 80 games in his first three seasons. He missed the entire 2008 playoffs with knee injuries.
The Celtics and Lakers will meet again on Christmas Day in Los Angeles.