Andrew Bynum has signed his contract extension ($42 million over three years plus a team option for a fourth season that’s worth another $16 million, making the deal potentially worth $58 million). It’s turning out to be quite a week for Bynum.

“This has been a fantastic week for me so far, turning 21, winning our first two games of the season and now getting this contract signed,” Bynum said. “This gives me and my family financial security, and more importantly, cements my future with the Lakers. … I couldn’t be happier.”

Lakers general manager Mitch Kupchak had this to say: “We’re extremely happy to have signed Andrew to this extension, which will secure his immediate future with the franchise. Andrew has shown a vast array of skills for a player his size and if he continues to stay dedicated and work hard to improve, he has an excellent chance to develop into one of the top players in the NBA.”