The Portland Trail Blazers announced Friday that they have extended the contract of Clyde Drexler by one year - an agreement that reportedly will pay the star guard more than $8 million for the 1995-96 season.

The salary is believed to be the highest ever for one season for an athlete in a team sport.Drexler was in Honolulu for Friday night's pre-season game against the Los Angeles Lakers.

The Blazers did not reveal terms of the agreement, but Drexler said Thursday night that the deal would add a sixth year to his contract and would pay him more than $8 million for that season.

"I think this shows good faith on the part of the organization," Drexler said Thursday night.

"It's a fair contract. I'm happy about it."

Drexler, the Blazers' all-time leading scorer and a third-team NBA all-star last season, will earn about $1.2 million this season.