Jamal Murray agrees to four-year, $208 million max extension to stay with Denver Nuggets

Kari Anderson
MINNEAPOLIS, MINNESOTA - MAY 10: Jamal Murray #27 of the Denver Nuggets looks on against the Minnesota Timberwolves in the first quarter of Game Three of the Western Conference Second Round Playoffs at Target Center on May 10, 2024 in Minneapolis, Minnesota. The Nuggets defeated the Timberwolves 117-90. (Photo by David Berding/Getty Images)
Jamal Murray has been a key piece of the Nuggets since being drafted by Denver in 2016. (Photo by David Berding/Getty Images) (David Berding via Getty Images)

Jamal Murray is staying in Colorado long-term. The star point guard has agreed to a four-year, $208 million maximum contract extension to stay with the Denver Nuggets, per multiple reports.

Under the new extension, Murray will reportedly receive $244 million guaranteed over the next five years. The 27-year-old guard signed a five-year, $170 million extension with Denver in 2019.

Per Adrian Wojnarowski and Bobby Marks of ESPN, Murray's contract breaks down to include increasing amounts annually starting in 2025, plus $36 million from the final year of his current deal. The deal will culminate in $57.5 million in the 2028-2029 season.

Murray was drafted by Denver in 2016, and has been a key player for the Nuggets for the past several seasons. He has been a starter since 2019.

This season, Murray averaged a career-high 21.2 points per game, the second-highest total on the team behind reigning NBA MVP Nikola Jokić, 4.1 rebounds and 6.5 assists.

Murray missed the 2021-22 season while recovering from an ACL tear. Upon returning to play in 2022-23, the Canadian guard helped lead the team to an NBA championship. Murray was clutch in several games during the Nuggets' 4-1 series victory over the Miami Heat in the NBA Finals, including a 30-point triple-double in Game 3.

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