Michael Porter Jr. signs a five-year, $207 million contract extension with the Denver Nuggets.
The Denver Nuggets and star forward Michael Porter Jr. have agreed to a five-year contract extension with a predetermined maximum value.
Porter’s agreement may be worth up to $207 million, league sources informed ESPN and the Denver Post on Monday. According to the outlets, the agreement is worth $172 million over five years as a rookie, but it could be worth $207 million if he makes one of the three All-NBA teams this season.
The deal is the fourth maximum rookie contract extension given out this offseason, following Luka Doncic of the Dallas Mavericks, Trae Young of the Atlanta Hawks, and Shai Gilgeous-Alexander of the Oklahoma City Thunder.
The Nuggets’ top four players — reigning NBA Most Valuable Player Nikola Jokic, Jamal Murray, Aaron Gordon, and Porter – have all signed long-term contracts as a result of the deal with Porter.
Porter was taken with the 14th overall pick in the 2018 NBA Draft by the Nuggets from the University of Missouri. After undergoing back surgery shortly after being picked, he missed the entire 2018-19 season.
In the 2019-20 season, Porter returned to the court for his rookie season, averaging 9.3 points and 4.7 rebounds in 55 games (eight starts). He followed that up with a season in which he averaged 19 points, 7.3 rebounds, and 1.1 assists in 61 games as a starter for the Nuggets.
In 116 career games with the Nuggets, the 23-year-old Porter has averaged 14.4 points and 6.1 rebounds.
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