The Roar Continues: Westbrook signs multi-year extension with Thunder

FILE - In this May 12, 2016, file photo, Oklahoma City Thunder guard Russell Westbrook (0) gestures following a three-point basket in the fourth quarter of Game 6 of a second-round NBA basketball playoff series against the San Antonio Spurs, in Oklahoma City. A source with direct knowledge of the situation says the Thunder have reached a new deal with All-Star guard Russell Westbrook. The two sides have agreed on a new three-year contract worth $85.7 million. The person spoke to The Associated Press on condition of anonymity Thursday, Aug. 4, 2016, because the team had not announced the deal. (AP Photo/Alonzo Adams, File)

The Oklahoma City Thunder have officially signed Russell Westbrook to a contract extension.

Thunder General Manager Sam Presti announced the extension Aug. 4. Westbrook, a five-time NBA All-Star, and the Thunder held a press conference at Chesapeake Arena to announce the news. You can watch the full conference here.

"I’m really excited about moving forward with this group of guys and continuing to play in front of the best fans in the world," Westbrook said. “I am grateful to extend my contract with the Thunder and continue to play with the only organization that I have played for and have loved being a part of since I was drafted into the NBA.”

Thunder Chairman Clay Bennett said the organization is thrilled about the news.

"On behalf of the Thunder organization and the entire State of Oklahoma I want to congratulate Russ and offer my sincere appreciation for not only his profound presence and skill as a player, but for his high character, personal integrity and extraordinary leadership,” Bennett said.

Related: Thunder players react to Westbrook signing

Presti said Westbrook has been an outstanding leader since being drafted by the organization 2008.

"Russell personifies many of the traits that are synonymous with Oklahoma and Oklahomans. We are excited that Russell has chosen to continue to build the legacy of the Thunder with us as we move forward together," Presti said.

Westbrook was the number four overall pick in 2008. He was named to the NBA's All-Rookie First Team and lead the league in scoring during the 2014-2015 season. He also received the 2014-2015 Seasonlong NBA Cares Community Assist Award due to his philanthropic efforts in the Oklahoma City community.

Details of the extension have yet to be released. The Vertical reports Westbrook signed a 3-year $85 million deal. Westbrook will reportedly hold a player-option for the 2018-2019 season.