The Denver Nuggets and point guard Jamal Murray are progressing towards a four-year, $208.45 million maximum contract extension this offseason, according to Shams Charania of The Athletic.
Here’s what Shams had to say on X:
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.
The Nuggets plan to present the offer to Murray, and both parties expect to reach an agreement.
Murray is currently in the final season of a five-year, $182.8 million contract, set to earn $36 million in 2024-25.
The proposed extension would see Murray earning approximately $46.53 million in 2025-26, $50.25 million in 2026-27, $53.97 million in 2027-28, and $57.7 million in 2028-29, based on salary estimates from cap expert Yossi Gozlan.
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Although Murray could have added a fifth year worth $61.4 million if he re-signed as a free agent in 2025, he has opted for long-term security now.
Jamal Murray’s year-by-year cap hit projections on his four-year, $208.5 million maximum extension with the Denver Nuggets. He could’ve added a fifth year worth $61.4 million if he re-signed as a free agent in 2025, but it makes sense to lock in the long-term security now.
These salary projections are based on a $141 million cap in 2024-25, followed by a 10% increase in 2025-26.
Murray won a championship with the Nuggets in 2023 and is widely regarded as one of the top active players to never to have been selected as an All-Star.
During the Nuggets’ title run, he averaged 26.1 points, 5.7 rebounds, and 7.1 assists over 20 games.
