Kings Secure Malik Monk with Four-Year, $78M Contract Extension

Kings Secure Malik Monk with Four-Year, $78M Contract Extension
Image Credit: Kings Secure Malik Monk

Malik Monk has committed to staying with the Sacramento Kings, agreeing to a four-year, $78 million contract, as reported by ESPN’s Adrian Wojnarowski.

This agreement represents the maximum contract the Kings could offer Monk under his early Bird rights. Signing this deal without entering free agency is significant, as Monk might have attracted offers exceeding $100 million from other teams. Orlando, in particular, could have been a strong contender given their scoring needs and financial capacity.

The contract breaks down as follows:

Monk, who was the runner-up for the Sixth Man of the Year award to Naz Reid, averaged a career-high 15.4 points and 5.1 assists this season. His scoring prowess has made him a key player for the Kings, and despite potentially higher offers elsewhere, Monk chose to remain with the team where he has thrived.

Monk’s journey over the past two years in Sacramento has been remarkable. After securing only a veteran’s minimum salary with the Lakers in the summer of 2021, he has since emerged as a standout player for the Kings. Last season, Monk led all bench players in total points and assists, becoming one of only two players in the past 25 years to record 1,000 points and 300 assists as a reserve. His versatility as a scorer and playmaker is evident, with the highest assist percentage on drives among all players and a reputation as a dynamic lob finisher from the guard position.

For the Kings, securing Malik Monk addresses their top internal priority and allows them to focus on other aspects of team building, such as free agency and the upcoming draft, where they hold the No. 13 pick. Monk can officially sign his new contract with Sacramento on July 6.


Mavericks’ Quick Turnaround Post-NBA Finals

Previous article

Lakers Hire JJ Redick: Navigating Roster Construction Around Their New Head Coach

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in NBA