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