The Denver Nuggets and point guard Jamal Murray have agreed to terms on a four-year, $208 million contract extension, his agents Jeff Schwartz and Mike George announced Saturday. The deal keeps Murray out of free agency next summer and under contract through the 2028-29 season.
Jamal Murray's four-year, $208 million contract extension ties him to the Denver Nuggets for five seasons and $244 million.
According to Adrian Wojnarowski of ESPN, the new contract extension also ties Murray to the Nuggets for a total of five seasons and $244 million. He is scheduled to make $36.01 million in 2024-25. The Kentucky product signed a five-year, $195.65 million contract with Denver in July 2019.
Murray, 27, has developed into a reliable combo guard for the Nuggets alongside three-time MVP center Nikola Jokic. The duo provides a Western Conference contender with one of the best pick combinations in the NBA.
The 6-foot-4 Murray made an impressive comeback last season after missing the 2021-22 campaign with a torn ACL. He also helped Jokic lead the Nuggets to the NBA championship in 2023.
Denver Nuggets star Jamal Murray has agreed to a four-year, $208 million contract, his agents Jeff Schwartz and Mike George told ESPN. The deal — which guarantees Murray $244M over the next five seasons — protects the foundation of the West's rival. pic.twitter.com/XDfBM4oX1Z
– Adrian Wojnarowski (@wojespn) September 7, 2024
In 59 games (all starts) with Denver last season, he averaged a career-high 21.2 points, 4.1 rebounds, a career-best 6.5 assists, 1.0 steals, and 31.5 minutes per contest.
According to Basketball-Reference, he also shot a career-best 48.1% from the field and 42.5% from three-point range. His player efficiency rating (20.7) and field goal percentage (27.9%) were career bests as well.
Murray was one of three NBA players to score 20 points, six assists, and 40% of 40 shooting from deep last season.
The Nuggets tied the record with 57 wins last season. They were 16-2 when Jamal Murray scored 25 or more points. Denver went 8-9 during the game but scored 17 or less. In the games he missed, Denver went 13-10.
The Kitchener, Ontario, native recorded a season-high 37 points in a 131-114 win over the Detroit Pistons on Jan. 7 and in a 142-121 victory over the Utah Jazz on March 9.
Analysis of the Jamal Murray extension and how it affects Denver next season.
Murray and Nikola Jokic are now under contract through the 2027-28 season.
Aaron Gordon has a player option of $25.4M. Forwards are eligible for extension as of 9/27. pic.twitter.com/TEvXwPRhGA
– Bobby Marks (@BobbyMarks42) September 7, 2024
In addition, Jamal Murray was one of three players to reach 20 points, six assists, and 40% shooting from beyond the arc last season, according to ESPN Stats & Information.
In addition to being one of eight players with the most 50-point playoff games in NBA history, he is the Nuggets' all-time leader in 3-pointers (990). Will Barton (804) dropped to second place on the list.
Despite his impressive stats, Murray has yet to earn his first NBA All-Star award.
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