Lauri Markkanen Signs Long-Term Extension with Utah Jazz

Five-Year, $238 Million Deal for Rising All-Star Forward

Contract Summary and Details

Lauri Markkanen, the 2024 NBA All-Star forward, has agreed to a lucrative five-year, $238 million contract extension with the Utah Jazz. The deal, which begins after the 2023-24 season, is one of the largest contracts handed out in NBA history.

Markkanen, who joined the Jazz in a trade with the Chicago Bulls in September 2022, has emerged as a key player for Utah. In his first season with the team, he averaged 24.3 points, 9.8 rebounds, and 2.5 assists per game while shooting 51.8% from the field and 41.2% from three-point range.

The Jazz are hopeful that Markkanen can continue to be a franchise cornerstone alongside All-Star guard Donovan Mitchell. The 25-year-old forward has averaged 20.1 points and 9.3 rebounds per game in his NBA career.