Sources: NBA Approves Gordon Extension
The New Orleans Hornets have made guard Eric Gordon a four-year contract extension after receiving authorization from the NBA, league sources told Yahoo! Sports.
Gordon and the Hornets have until the end of Wednesday to reach a contract extension or he will become a restricted free agent at the end of the season.
Gordon had told Yahoo! Sports on Monday that he was waiting to learn whether NBA commissioner David Stern would grant him a contract extension before the deadline. Gordon said he was informed by Hornets general manager Dell Demps that it was up to Stern to decide whether to extend an offer. The NBA owns the Hornets.