Report: Lauri Markkanen signs 5-year, $238 million extension with Utah Jazz

2024-12-25 10:02:15 source:lotradecoin versus kraken comparison category:Markets

Utah Jazz forward Lauri Markkanen signed a five-year, $238 million contract extension, ESPN.com reports.

The 27-year-old Markkanen averaged 23.2 points and 8.2 rebounds last season and was an All-Star in 2023.

The contract provides $220 million in new money and he will make $36 million this season, up from the $18 million on his original contract.

The deal also stipulates that Markkanen can't be traded for six months, meaning he can't be moved until the offseason, and the deal has no options. Next season's trade deadline is Feb. 6.

Markkanen was part of the Donovan Mitchell blockbuster trade in 2022 with the Cleveland Cavaliers after his only season with the team.

All that Jazz: Latest Utah Jazz news, schedule, roster, stats, injury updates and more.

Though the Minnesota Timberwolves drafted Markkanen in 2017, he was traded to Chicago as part of the Jimmy Butler deal. He spent four seasons in Chicago before he was dealt to Cleveland.

In seven NBA seasons, Markkanen has averaged 18.1 points and 7.3 rebounds per game, winning the NBA Most Improved Player award in 2023.

More:Markets

Recommend

The Sundance Film Festival unveils its lineup including Jennifer Lopez, Questlove and more

Next year’s Sundance Film Festivalwill feature Jennifer Lopezsinging and dancing in Bill Condon’s “K

Dick Van Dyke Addresses 46-Year Age Gap With Wife Arlene Silver 

For Dick Van Dyke, his age is truly just a number. After all, the 98-year-old recently shared how he

Police Officer Stuns America's Got Talent Judges With Showstopping Ed Sheeran Cover Dedicated to His Wife

Get ready to ugly cry.Virginia police officer Mervin Mayo stole the show during America's Got Talent