6:32 PM ET

Andrew Morrison, Robert's agent, told ESPN on Thursday that his client had agreed to a two-year, $24 million contract extension with the LA Clippers.

The Clippers will start the season as one of the NBA's significant championship contender because of the return of Covington, who will avoid a summer free-agency marketplace that is limited in salary cap space.

The Clippers were able to re-sign Covington for a maximum of two years before the start of free agency. Bobby Marks, a front-office insider, said that the Clippers' projected luxury tax bill will go up from $17.8 million to $54.9 million.

The addition of forward Robert Covington ahead of the February trade deadline deepened one of the league's most talented rosters and set the stage for the full-time returns of All-Stars Kawhi Leonard and Paul George next season.

In a deal with Portland, the Clippers acquired Robert Covington and Powell, along with Eric Bledsoe, Justise Winslow, Keon Johnson and a second-round pick.

One of the NBA's most formidable defenses will include Leonard and George. The only player to register 90 blocks and 90 steals in the NBA this season was Covington.

In 23 games after he was traded to LA, he averaged 10 points on 50% shooting and 45% on 3-pointers. He had a career-high 43 points on a franchise-record 11 3-pointers.

When he joined the Clippers, he ranked in the top 15 in catch-and-shoot 3-point field goal percentage among 90 players with over 100 attempts.

He has played nine NBA seasons, with stops with Houston, Philadelphia, Minnesota, Portland and the Clippers. He has averaged 11 points, 5.8 rebound, 1.6 steals, and 1.0 block per game for his career.