Fall played his first two seasons with Boston, averaging 2.7 points, 0.9 blocks, 2.6 rebounds in 26 games.
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Robert Williams is the second Boston player to sign an extension in August following Marcus Smart's $77 million deal.
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Marcus Smart is now slated to stay in Boston through the 2025-26 season.
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Schröder previously turned down a four-year, $84 million contract extension with the Lakers.
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