The Utah Jazz and Lauri Markkanen have agreed to a five-year, $238 million deal after they renegotiated and prolonged his present deal. Markkanen is ineligible to be traded this season. 

Markkanen was the topic of commerce rumors this offseason, however the Jazz as an alternative will retain him for a minimum of one further season. The Jazz have been by no means offered a proposal for Markkanen that they severely entertained. 

The Jazz might reassess Markkanen’s commerce worth subsequent offseason on an extension when the Golden State Warriors, San Antonio Spurs and presumably even the Oklahoma Metropolis Thunder might have curiosity. 

“Lauri’s skill to attain in a number of methods and his versatility as a participant makes our group higher,” mentioned Jazz CEO of Basketball Danny Ainge. “He embodies our group’s core values on and off the court docket. We’re glad that he needs to be part of our future and what we’re constructing right here in Utah.”

“Lauri’s mixture of measurement, ability, and capturing is actually distinctive, and he’s proved he’s an All-Star degree participant along with his enchancment over the previous two seasons,” mentioned Jazz Normal Supervisor Justin Zanik. “We’re excited that he shares the identical imaginative and prescient of what our group will be long-term and to have him not solely as a constructing block for the Jazz, but additionally as a member of the Utah neighborhood for years to come back, is large.”