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H/t to Wazzupwitchu for telling me first, ESPN's John Buccigross told Pratt and Taylor today that Luongo has agreed to a long term extension that will be officially announced July 1st!

Link to the Team 1040 story here.

Egads. I have no words. I hope this is for real.

Of course Luongo's agent has already denied it. But he also can't confirm it until July 1st....so I'm crossing my fingers.