The Portland Trail Blazers have verbally agreed in principle to a contract extension with forward LaMarcus Aldridge, a source close to the process told ESPN.com on Wednesday.

The extension is for five years and $65 million, the source said.  At $65 million, Aldridge will be $15 million shy of the max.

The deal could reach $70 million through incentives, but those will reportedly be difficult for Aldridge to hit.