Terms of the deal were not disclosed, but Yahoo! Sports reported that the deal is a three-year extension that could reach up to $43 million with incentives.
Bogut averaged 5.8 points, 7.7 rebounds, 2.1 assists and 1.72 blocks in 24.6 minutes over 32 regular-season games for the Warriors last season. In 12 postseason games, he averaged 7.2 points, 10.9 rebounds, 1.8 assists and 1.50 blocks, while shooting 58.2 percent from the field as the Warriors reached the Western Conference semifinals.
"This is a great day for the Warriors and we're very happy to know that Andrew will be our center beyond this season as we continue to progress as a team," general manager Bob Myers said in a statement. "Andrew possesses a wide-ranging skill set that makes him a great fit alongside the other core pieces that we have assembled on our roster. He is still just 28 years old and has established himself as one of the premier centers in the NBA."
For his career, Bogut averages 12.2 points, 9.2 rebounds, 2.3 assists, 1.58 blocks and 32.1 minutes in eight seasons with the Milwaukee Bucks and Warriors.
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Jim Buss, the Los Angeles Lakers executive vice president of basketball operations, said star Kobe Bryant is not going anywhere.
Bryant, 35, is entering the final year of his contract and is set to make an NBA-high $30.5 million salary. He will be eligible for free agency next July 1.
Further complicating matters is that Bryant tore his left Achilles tendon in April and there is still no timetable on his return. The Lakers open the season Tuesday against the Los Angeles Clippers.
"I want to put an end to any speculation that we would allow Kobe to become a free agent," Buss told ESPNLosAngeles.com. "That's not going to happen. Kobe is a top priority for us. He's a Laker legend and always will be. I don't think we're done winning championships with him yet.
"(General manager) Mitch Kupchak and (Bryant's agent) Rob Pelinka have been talking, but with him being hurt, it has slowed the process some. I don't know when it'll get done, but I have faith in Rob and Mitch to work things out."
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The Minnesota Timberwolves exercised fourth-year options on guard Ricky Rubio and forward Derrick Williams.
Rubio, the fifth overall pick in 2009, has averaged 10.7 points, 7.7 assists and 2.3 steals in 98 games since joining the team in 2011-12.
Williams was the second overall pick in 2011 and has averaged 10.5 points and 5.1 rebounds in 144 career games.
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Houston Rockets guard James Harden is day-to-day with a right knee bruise.
Harden was injured during Friday night's preseason game against the Memphis Grizzlies when he was fouled by Quincy Pondexter of the Grizzlies as he hit a three-pointer.
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Free agent point guard Jamaal Tinsley has reunited with the Utah Jazz.
Tinsley, a 10-year veteran, spent the last two seasons with the Jazz, averaging 3.6 points and 4.0 assists per game. Over his career, which also includes stints with the Indiana Pacers and Memphis Grizzlies, he has averaged 8.6 points and 6.1 assists per game.
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The Orlando Magic exercised their third-year team options on forwards Maurice Harkless and Andrew Nicholson, while exercising fourth-year team options on forward Tobias Harris and center Nikola Vucevic, the team announced on Saturday.
Terms of the deals were not disclosed. All four players are under contract through the 2014-15 season.
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The Memphis Grizzlies have waived guard Andre Barrett and forwards Melvin Ely, Tony Gaffney and Willie Reed and the Chicago Bulls have waived center Dexter Pittman and forward D.J. White.
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Indiana Pacers released forward-center Hilton Armstrong, a first-round draft pick of the New Orleans Hornets in 2006 who played there until 2010. He also played with the Sacramento Kings (2010), Houston Rockets (2010), Washington Wizards (2010-11), Atlanta Hawks (2011) and Pacers (2013).
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The Phoenix Suns exercised their 2014-15 options on forwards Markieff Morris and Marcus Morris and center Miles Plumlee.
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