The Portland Trail Blazers' thinking is simple — if we're going to lose one All-Star to free agency, we better wrap up the other long term.

Amid reports that All-Star power forward LaMarcus Aldridge likely will not re-sign with the Trail Blazers, the team is nearing a five-year extension worth upwards of $120 million with All-Star point guard Damian Lillard, as reported by ESPN.

The extension is set to kick in at the beginning of the 2016-17 season and will keep Lillard from being a free agent next summer.

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The NBA's 2012-13 Rookie of the Year has put together back-to-back All-Star years and is coming off scoring a career-high 21 points with 6.2 assists per game this past season.

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