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Charlotte Hornets and Michael Kidd-Gilchrist agree to an extension

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The deal, according to Adrian Wojnarowski, would be worth $52 million.

Kamil Krzaczynski-USA TODAY Sports

Charlotte Hornets fans got some well-overdue good sports news Monday night, according to Adrian Wojnarowski, of Yahoo! Sports.

The Hornets and Michael Kidd-Gilchrist are close to finalizing a four-year, $52 million contract extension. As a member of the 2012 rookie class, this offseason was the last chance for the team to reach an agreement on an extension with the small forward. MKG, who averaged 10.9 points and 7.6 rebounds a game last season, was entering the final year of his rookie contract this year, and was set to earn just over $8 million.

The Hornets have been the butt of many NBA jokes this offseason, particularly after the team passed on a "godfather offer" from the Boston Celtics to draft Frank Kaminsky, or as many know him, yet another stretch 4. But this extension looks picture perfect for the team on paper. $13 million a season, with the massive salary cap increase set to next season, for the cornerstone of the franchise and a lockdown defender with a quickly-improving jumper? The Charlotte Hornets just got a huge steal.

We wrote about how important it was for the team to reach an extension with MKG before the season started, so surely you can imagine how excited we are for this deal. The At The Hive email thread looked a lot like this when the news broke.

What are your thoughts on the potential MKG extension?