Damian Lillard confident as he takes on new role as Blazers' pillar

PORTLAND, Ore. -- Damian Lillard believes he's ready to lead the Portland Trail Blazers through a rebuilding project, and the franchise is hoping he can help speed up the process.

Lillard and the Blazers on Thursday completed the five-year contract extension worth more than $120 million that they agreed to last week. The team also announced its deals with free agents Al-Farouq Aminu and Ed Davis and held news conferences for all three in Portland.

"I don't really see it as pressure. I know that I have confidence in being the leader of a team, but if people want to point the finger at me if it doesn't go right right away, I can deal with that," Lillard told reporters. "I've experienced much worse things than people blaming me for losing games."

Lillard grew up in Oakland and played in college at often-overshadowed Weber State but still managed to climb to the sixth overall pick in the 2012 draft. He is a two-time All-Star and a rookie of the year and has cemented himself as one of the best point guards in a league full of very good ones.

The extension keeps Lillard under contract with Portland through the 2020-21 season and makes him the unquestioned franchise pillar after LaMarcus Aldridge, Wesley Matthews and Robin Lopez left in free agency and the team traded Nicolas Batum to Charlotte. There are no opt-out clauses for either side in the deal, which is exactly how Lillard wanted it.

"I'm not going to be one foot in, one foot out. You sign the deal and you commit to the team because that's what you're committed to," Lillard said. "I know that in my heart this is where I want to be. I didn't see the reason to have an option. We have a young team now. It might not be great to begin with or it could be better than what people think. I'm willing to deal with that. I like the challenge."

Aminu agreed to a $30 million, four-year contract last week, and Davis a $20 million, three-year deal. Portland also got Gerald Henderson from Charlotte in the Batum deal and Mason Plumlee in a draft-night trade with Brooklyn to start the remodel.

Blazers general manager Neil Olshey said that Lillard's extension is a "hell of a place to start" a new era. He said everybody from Blazers owner Paul Allen on down is committed to long-term success, even if that means a short-term step back.

"The beauty of Paul is how committed he is. He's not worried about the next five minutes. He's worried about the next five years, the next 10 years," Olshey said. "He's not going anywhere. So he wants to know if this group isn't viable enough. ... He said this: Teams that hold on too long to something that isn't good enough are doomed to end up in mediocrity and failure.

"You've got to know when it's time to move forward and take another path. And this is the path we're choosing."