Lauri Markkanen signs $238 million extension with Utah Jazz

Utah Jazz forward Lauri Markkanen has signed a five-year, $238 million contract extension, according to ESPN.
Key Details:
- Contract Terms:
- Total value: $238 million
- Includes $220 million in new money
- Salary for this season: $36 million
- Previous contract salary: $18 million
- No options in the deal
- Cannot be traded for six months
- Performance:
- Last season’s averages: 23.2 points and 8.2 rebounds
- 2023 NBA All-Star
- NBA Most Improved Player award in 2023
- Background:
- Joined Utah Jazz as part of the Donovan Mitchell trade in 2022
- Previous teams: Cleveland Cavaliers, Chicago Bulls, and Minnesota Timberwolves