The Golden State Warriors and All-Star Andrew Wiggins have agreed to terms on a four-year contract extension, his agents confirmed to ESPN.

The deal includes a player option that could increase the overall value of the contract to $143 million.

The Warriors are expected to have a record-setting payroll and luxury tax of $483 million for the 2023-24 NBA season. 

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Wiggins' salary will take a dip with this extension. He will drop from his current $33.6 million to just over $24 million to $26.3 million per season, according to a report from The Athletic. 

The All-Star forward elevated his game during last season's playoff and championship run. The No. 1 overall pick in the 2014 draft averaged 16.5 points and 7.5 rebounds per game. Wiggins also contributed a strong season on the defensive end.

Wiggins is represented by Drew Morrison and Steven Heumann of CAA Sports.

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Wiggins reached his deal after teammate Jordan Poole agreed to a four-year, $140 million contract extension, according to a report from ESPN. Poole is represented by the same agency as Wiggins.

Poole was recently involved in an altercation with Draymond Green during a team practice session.

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Green was fined but not suspended by the Warriors after video footage leaked of Green punching Poole during a closed practice. Green ended up spending some time away from the team following the footage leak, but he returned to the team Thursday. 

Wiggins joined the Warriors in 2020 in a trade with the Minnesota Timberwolves.