According to Haynes, the deal would begin in the 2021-22 season and includes a player option in the final year.
If this new deal is confirmed, it would mean Lillard would be a Blazer through at least the 2024-25 season. His play improved in the playoffs, as he scored 26.9 points per game to go with 6.6 assists and 4.8 rebounds as Portland fell in four games to the Golden State Warriors in the Western Conference finals.
While teams are preparing for the free agency period to open, the Portland Trail Blazers have ensured their franchise player will be around for years to come.
Lillard, 28, is entering his eighth National Basketball Association season.
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This is the supermax and it should keep Lillard in Portland for the rest of his prime.
In the regular season, Hood averaged 9.6 points, 1.7 rebounds, and 1.3 assists per game, while shooting 45.2% from the field and 34.5% from 3-point range. He was NBA Rookie of the Year for the 2012-13 season.
National Basketball Association free agency is always a wild time, with plenty of big names and key role players switching teams. Lillard is the seventh Trail Blazer to be named All-NBA, joining Bill Walton, Maurice Lucas, Jim Paxson, Drexler, Brandon Roy and LaMarcus Aldridge.
Information from The Associated Press was used in this report.