{"id":89254,"date":"2024-08-07T12:06:17","date_gmt":"2024-08-07T16:06:17","guid":{"rendered":"https:\/\/lastwordonsports.com\/basketball\/?p=89254"},"modified":"2024-08-07T12:06:17","modified_gmt":"2024-08-07T16:06:17","slug":"jazz-hammer-out-lauri-markkanen-contract-details","status":"publish","type":"post","link":"https:\/\/lastwordonsports.com\/basketball\/2024\/08\/07\/jazz-hammer-out-lauri-markkanen-contract-details\/","title":{"rendered":"Jazz Hammer Out Contract Details With Face Of Franchise"},"content":{"rendered":"<p>On Wednesday, the Utah Jazz officially signed <a href=\"https:\/\/www.basketball-reference.com\/players\/m\/markkla01.html\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">Lauri Markkanen<\/a> to a five-year; $238 million contract extension, per ESPN\u2019s Adrian Wojnarowski.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Utah Jazz All-Star forward Lauri Markkanen has signed a five-year, $238 million contract renegotiation and extension \u2013 including $220 million in new money, his agent Michael Lelchitski of <a  href=\"https:\/\/twitter.com\/SIGSports?ref_src=twsrc%5Etfw\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">@SIGSports<\/a> tells ESPN. <a  href=\"https:\/\/t.co\/dFx6pIc2nV\" target=\"_blank\" rel=\"noopener noreferrer\">pic.twitter.com\/dFx6pIc2nV<\/a><\/p>\n<p>\u2014 Adrian Wojnarowski (@wojespn) <a  href=\"https:\/\/twitter.com\/wojespn\/status\/1821199386271273338?ref_src=twsrc%5Etfw\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">August 7, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In signing the deal, Markkanen was also able to increase his then expiring 2024-25 salary by $6 million. He\u2019ll now make $24 million in 2024-25, making him the second-highest paid player on the roster behind <a href=\"https:\/\/www.basketball-reference.com\/players\/c\/collijo01.html\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">John Collins<\/a>. He was originally set to be paid the third-highest salary next season, behind Collins ($26.6 million) and <a href=\"https:\/\/www.basketball-reference.com\/players\/s\/sextoco01.html\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">Collin Sexton<\/a> ($18.4 million).<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The extension precludes Markkanen from being traded for six months \u2013 which pushes him past February 6th trade deadline and means he isn\u2019t eligible to be moved until next offseason.<\/p>\n<p>\u2014 Adrian Wojnarowski (@wojespn) <a  href=\"https:\/\/twitter.com\/wojespn\/status\/1821199570132750506?ref_src=twsrc%5Etfw\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">August 7, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The timing of the deal prevents the Jazz from trading him until next offseason. It\u2019s also devoid of team or player options.<\/p>\n<h2>Jazz Hammer Out Contract Details With Face Of Franchise Lauri Markkanen<\/h2>\n<p>Essentially, with this contract extension, Markkanen and the Jazz have displayed their commitment to each other.<\/p>\n<p>Upon reaching the agreement with Utah, Markkanen issued <a href=\"https:\/\/x.com\/wojespn\/status\/1821201216732627270\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">a statement to ESPN<\/a>:<\/p>\n<p>\u201cThey&#8217;ve all showed their belief in me, from the ownership to the front office to (coach) Will (Hardy),\u201d Markkanen says. \u201cIt&#8217;s a comfortable environment and those guys&#8217; resumes speak for themselves. I trust in the organization to help grow me as a person and a player, to build our team and I&#8217;m ready to take on the challenge.\u201d<\/p>\n<h3>Back To Plan A<\/h3>\n<p>Notably, there was a legitimate chance Markkanen would be traded this summer. The Sacramento Kings, San Antonio Spurs, and Golden State Warriors were all <a href=\"https:\/\/lastwordonsports.com\/basketball\/2024\/07\/02\/jazz-west-contenders-enter-lauri-markkanen-trade-sweepstakes\/\" target=\"_blank\" target=\"_self\">hot on his trail<\/a>. Indeed, the Kings all but struck a deal for Markkanen last month.<\/p>\n<p>However, unable to find a trade partner willing to meet their demands, the Jazz will now pivot back to their original plan.<\/p>\n<p>Prior to the New York Knicks snatching <a href=\"https:\/\/www.basketball-reference.com\/players\/b\/bridgmi01.html\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">Mikal Bridges<\/a> away from them, Utah was trying to build around Markkanen. In fact, one reason that they wanted Bridges was to sway Paul George to sign with them. For all the talk of tanking for Duke forward Cooper Flagg, <a href=\"https:\/\/lastwordonsports.com\/basketball\/2024\/07\/30\/2025-nba-draft-projected-no-1-pick-cooper-flagg-compared-andrei-kirilenko\/\" target=\"_blank\" target=\"_self\">the projected 2025 No. 1 pick<\/a>, the Jazz were in win-now mode.<\/p>\n<p>With that being said, Utah has several players who could be dangled as trade bait as they attempt to build a championship contender. To that point, Collins, Sexton, <a href=\"https:\/\/www.basketball-reference.com\/players\/c\/clarkjo01.html\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">Jordan Clarkson<\/a>, and <a href=\"https:\/\/www.basketball-reference.com\/players\/k\/kesslwa01.html\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">Walker Kessler<\/a> have all been in trade rumors. Sexton and Kessler may have the best chance of sticking around due to their age and upside. Nonetheless, it\u2019s safe to say that none of them are untouchable if the Jazz were willing to move Markkanen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, the Utah Jazz officially signed Lauri Markkanen to a five-year; $238 million contract extension, per ESPN\u2019s Adrian Wojnarowski. Utah Jazz All-Star forward Lauri Markkanen has signed a five-year, $238 million contract renegotiation and extension \u2013 including $220 million in new money, his agent Michael Lelchitski of @SIGSports tells ESPN. pic.twitter.com\/dFx6pIc2nV \u2014 Adrian Wojnarowski [&hellip;]<\/p>\n","protected":false},"author":5008,"featured_media":89282,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","sfio_featured_image":false,"sfio_embed_code":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","footnotes":""},"categories":[24,1608,62,3,4721],"tags":[926,297,4774],"class_list":["post-89254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jazz","category-basketball","category-nba","category-news","category-trade-rumors","tag-lauri-markkanen","tag-nba-free-agency","tag-rumors"],"modified_by":"Quenton S Albertie","_links":{"self":[{"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/posts\/89254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/users\/5008"}],"replies":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/comments?post=89254"}],"version-history":[{"count":0,"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/posts\/89254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/media\/89282"}],"wp:attachment":[{"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/media?parent=89254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/categories?post=89254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/tags?post=89254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}