The Nuggets are keeping their star point guard in town until 2029.
Denver and Jamal Murray on Saturday agreed to a four-year extension worth a maximum $208 million, ESPN's Adrian Wojnarowski reported, citing sources.
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The Athletic's Shams Charania reported the total figure as $209 million. Reports of both sides beginning new contract terms emerged in late June.
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Murray, 27, was slated to hit free agency next summer but now is tied down for five more years along with $244 million in guaranteed money.
The Canadian guard, who represented his nation at the 2024 Paris Olympics, played a key role in helping Denver win its first ever NBA championship in 2023 after tearing his ACL the season prior.
Murray, the No. 7 overall pick by Denver in 2016, is coming off a season in which he averaged 21.2 points, 6.5 assists and 4.1 rebounds on 48/43/85 shooting splits with 17/6/3 volume.
NBA
Despite still not being named an All-Star, Murray will look to aid the Nuggets further in the postseason after a disappointing exit this past year.
The core of Murray, Nikola Jokic, Michael Porter Jr. and Aaron Gordon is still intact, though Denver replaced Kentavious Caldwell-Pope with Russell Westbrook over the offseason.
