President of Basketball Operations Bryan Colangelo announced today that the Philadelphia 76ers have restructured the terms of forward Robert Covington’s contract for the current season and signed Covington to a multi-year contract extension.

According to ESPN.com, it is a four-year, $62 million extension that “will include a $15 million renegotiation bump on Covington’s $1.57 million salary this season, plus an additional four years that will keep Covington under contract through the 2021-22 season.”

“Robert Covington is a prime example of what hard work, dedication and commitment can lead to. Rob’s growth as a player on both ends of the floor makes him one of the most versatile and effective wings in the league, while his contributions of character and professionalism feature prominently in our evolving organizational culture. This extension is both well-deserved, and a really great story,” Colangelo said.

Through 14 games this season, Covington holds averages of 16.5 points, 5.7 rebounds, 1.5 assists and 1.5 steals in 31.1 minutes per game. His scoring average, 50 percent mark from the field and 49.5 percent mark from three-point range (eighth in the NBA) all represent career-highs.

The fifth-year forward has converted on 50 three-pointers this season, which ranks fourth in the NBA and he is one of just nine players in the league with at least 20 steals and 10 blocks in 2017-18. After leading the league in deflections per game a season ago, and finishing fourth in the league’s Defensive Player of the Year voting, his average of 3.4 deflections per contest this season places him fourth among NBA players.

Covington is one of 14 NBA players to make at least 500 three-pointers since the start of the 2014-15 season, while his 524 three-pointers in a 76ers uniform rank fourth in franchise history, behind Hall of Famer Allen Iverson, Kyle Korver and Andre Iguodala. He has finished second on the team in steals in each of his seasons in Philadelphia and is one of 17 players league-wide with at least 350 steals in that timeframe. Just five players have both 500 threes and 350 steals in that span.

Covington signed with the Sixers on Nov. 15, 2014 after being waived by Houston. In 217 games (178 starts), he holds averages of 13.3 points, 5.7 rebounds, 1.5 assists and 1.6 steals in 28.6 minutes per game with Philadelphia. Covington originally was unselected in the 2013 NBA Draft after four seasons at Tennessee State and signed a free-agent contract with the Rockets in July 2013.