Derrick Favors has agreed to a four-year, $49 million contract extension with the Utah Jazz.

The deal includes bonus incentives that could push the value for Favors well over $50 million.

Favors was acquired by the Jazz in 2011 in a trade involving Deron Williams.

In 23.2 minutes per game a season ago, Favors averaged 9.4 points and 7.1 rebounds.