Phil Jasner’s unofficial reports about Andre Igoudala and the Sixers agreeing to new terms is now official enough to report for the Daily News. Sixers GM Ed Stefanski and Iguodala’s agent Rob Pelinka, apparently convened in Los Angeles to agree on the six-year $80 million extension for the Sixers star swingman.

In his article Jasner talks about how Iggy ‘gambled’ by not taking an extension last season that would have paid him more than $57 million over five years. Yes, he did in that sense gamble and made out quite well for himself, but with this signing, it’s fair to say the Sixers gambled as well.

We’ve all been dazzled by his Cirque de Sole-esque theatrics on his way to breath-taking dunks, but Iguodala is going to make more money than he’s worth here. Despite finishing strong, last season he averaged just over 13 points and just under five rebounds per game. His long-range jumper still needs work and he struggled from the free throw line in the clutch last season especially against Detroit in the playoffs.

Don’t get me wrong, A.I. is a great tool for the Sixers and I’m thrilled that he is returning, but Stefanski payed a pretty penny for his services. Quickly the Sixers are going from a team that had the most cap room in the NBA to having a thin wallet to start the season. After the signings of Elton Brand (five years $82 million) and Andre Iguodala (six years $80 million), Ed Stefanski doesn’t have much coin to work with to replace the newly injured Jason Smith.

The Sixers were set to follow former GM Billy Smith’s three-phase plan, but after the money they’ve put up for talent this off-season they better win and it better happen soon.