Nuggets nearing four-year, $200+ million max extension with Jamal Murray, per report

After news broke of an incoming maximum contract extension for Bam Adebayo earlier this week, another former Kentucky Wildcat is about to receive a similar payday.

According to The Athletic’s Shams Charania, the Denver Nuggets are “working toward” signing a four-year, $209 million max extension deal with point guard Jamal Murray. Currently signed through the upcoming 2024-25 season where he’s set to earn $36 million, this new deal will keep the 2023 NBA champion with the franchise that drafted him through the 2028-29 season.

This past season, Murray averaged 21.2 points, 6.5 assists, 4.1 rebounds, and one steal in 31.5 minutes per outing on shooting splits of 48.1/42.5/85.3. He played just 56 games due to minor injuries early on in the season, which prevented him from making a serious All-Star run, but he was the second-best player on a team that went 57-25.

Denver and star Jamal Murray are working toward a four-year, $209 million maximum contract extension this offseason, sources tell @TheAthletic @Stadium. Nuggets will present the deal to Murray – a 2023 NBA champion and one of the best clutch players – and sides expect agreement. pic.twitter.com/tOZ7UBWuli

— Shams Charania (@ShamsCharania) June 27, 2024

After a one-and-done season at Kentucky in 2015-16, Murray was the 7th overall pick in the 2016 NBA Draft by the Nuggets. He was tabbed to the All-Rookie Team in 2016-17 and finished Top 10 in Most Improved Player voting the following season. The 6-foot-4 point guard would miss the entire 2021-22 season due to a torn ACL, but quickly rounded back into the form over his last two campaigns.

As mentioned, Murray was a member of the NBA championship squad in 2023 that beat the Miami Heat (which included Adebayo) in five games during the Finals. During those Playoffs, he posted per-game averages of 26.1 points, 7.1 assists, and 5.7 rebounds alongside three-time MVP Nikola Jokic. The Nuggets were bested in the Western Conference Semifinals this past season but will return the majority of its core in 2024-25.

Once Murray (27 years old) signs this new contract, he and Jokic (29) will be locked in with the Nuggets for at least the next four seasons.