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.