Report: Alec Burks, Jazz agree to four-year, $42 million extension

The Utah Jazz and shooting guard Alec Burks have agreed to a four-year, $42 million contract extension, according to a report from Yahoo Sports' Adrian Wojnarowski.

The Utah Jazz and guard Alec Burks have agreed to a four-year, $42 million contract extension, according to a report from Yahoo Sports' Adrian Wojnarowski.

The value of the deal reportedly could reach $45 million with incentives.

Burks has averaged 16.5 points, 2.0 rebounds, 2.0 assists and 1.5 steals over two games this season. He is in his fourth year in the league since the Jazz selected him with the No. 12 pick in the 2011 draft out of Colorado. 

Midnight on Friday is the deadline for teams to reach contract extensions with members of the 2011 draft class. The Jazz have reportedly stopped negotiating a potential extension with center Enes Kanter, meaning he will become a restricted free agent this summer.

This offseason Utah signedGordon Hayward, a member of the 2010 draft class, to a four-year, max extension. The team reached a four-year extension with forward Derrick Favors last October.

Utah, ranked No. 27 in SI.com's preseason power rankings, are 0-2 this season with losses to the Houston Rockets and Dallas Mavericks.

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- Chris Johnson