Lauri Markkanen signs a five-year $238 million contract extension with the Jazz

Utah Jazz All-Star forward Lauri Markkanen has signed a five-year $238 million contract extension, including $220 million in new money.

Lauri Markkanen has signed a five-year, $238 million contract renegotiation and extension, per @wojespn

$220 million in new money is included 💰 pic.twitter.com/DfB5UEOVqo

— Bleacher Report (@BleacherReport) August 7, 2024

Since signing with the Jazz in 2022, Markkanen has averaged 24.5 points, 8.4 rebounds, and 1.95 assists, earning a spot on the Western Conference All-Star roster and the NBA Most Improved Player award in 2023.

Markkanen has been a huge spark for the Jazz since losing former All-Star guard Donavan Mitchell to the Clevland Cavaliers in 2022, ensuring that they have All-Star caliber talent on their roster, with hopes for a deep postseason run. With Markkanen’s new multi-million dollar extension, Utah fans can expect for him to be the face of the Jazz this upcoming season.