Lauri Markkanen has signed a five-year, $238 million contract extension and renegotiation, including $220 million in new money, his agent told ESPN on Wednesday.
The All-Star power forward of the Utah Jazz, Lauri Markkanensigned a five-year, $238 million contract renegotiation and extensionincluding $220 million in new money, his agent Michael Lelchitski of Sports International Group told ESPN on Wednesday.
Markkanenwho had one year and $18 million remaining on his contract, used the salary cap space Jazz to increase his salary for 2024-25 by another $24 million and agreed to another four years and $196 million that does not include options, Lelchitski told ESPN.
Laurie Markkanen has averaged 24.5 points in two seasons with the Utah Jazz. AP/Hakim Wright Sr.
The extension prevents Markkanen be traded for six months, which pushes him past the Feb. 6 deadline and means he is not eligible to be traded until next offseason. Markkanen became eligible for renegotiation and extension on Tuesday. The Jazz I had heard about change scenarios during the last few months by Markkanenbut were never presented with an offer that would make them seriously consider moving an All-Star in the prime of his career at age 27, sources said.
Markkanen has excelled in his two seasons with the Jazzwhere he has been the cornerstone of the franchise’s rebuild. He has averaged 24.5 points in two seasons with Utahafter averaging 15.4 points in his first five seasons with the Cleveland Cavaliers and Chicago Bulls. He won the NBA’s Most Improved Player Award for the 2022-2023 season and was part of his first All-Star team that season.
Editorial Selections
2 Related
Markkanen He told ESPN in a telephone interview from his home in his native Finland that he was relieved to know he won’t be talked about in trade scenarios for at least next season.
“It’s a weight off my shoulders and now I can only focus on one main thing: playing basketball at a high level,” he said. Markkanen to ESPN. “It’s a good feeling knowing that I’m going to be in Utah“.
Markkanen He is one of three 7-foot players to have scored a thousand three-pointers in NBA history, with Dirk Nowitzki and Channing Fryeaccording to ESPN Stats and Information. He is the only 7-footer to have made 175 3-pointers in multiple seasons in league history, according to ESPN Stats and Information.
Markkanen He was acquired in a September 2022 trade with the Cavaliers for the All-Star point guard Donovan Mitchell. After being selected 7th overall in the 2017 NBA Draft by the Minnesota Timberwolves out of the University of Arizona, Markkanen was traded to the Bulls as part of a deal with Jimmy Butler and played his first four NBA seasons there. Cleveland acquired him in 2021 as part of a sign-and-trade deal with Chicago, where he averaged 14.8 points in the 2021-2022 season before joining the Jazz.
2024-08-07 15:46:12
#Lauri #Markkanen #signs #5year #million #contract #Jazz
