Porter Jr. accepts up to five-year extension with Nuggets

The nuggets and forward Michael Porter Jr. have reached an agreement on a five-year contract extension corresponding to the maximum salary, agent Mark Bartelstein told ESPN’s Adrian Wojnarowski (Twitter link).

The deal currently projects a value of $ 172.5 million, based on the NBA’s projection of a salary cap of $ 119 million for the 2022-2023 season. However, the contract will include Rule of roses language, allowing Porter to potentially earn 30% of the cap in the expansion’s first year (rather than 25% of the cap) if he makes an All-NBA team in 2021-2022. In this scenario, the five-year deal would be worth $ 207 million.

The Nuggets’ investment shows how far the former 14th overall pick has come since missing his entire rookie season in 2018-19 with a back injury. After playing a modest role in ’19-20, Porter became a key player for Denver last season, averaging 19.0 PPG and 7.3 RPG with an impressive .542 / .445 / shooting line. .791 in 61 games (31.3 MPG).

Porter still has plenty of room to improve on the defensive end of the ball, but the 23-year-old has shown the potential to become one of the NBA‘s top scorers, so there was no way the Nuggets would have him. let escape.

With extensions for Porter and Aaron Gordon over this offseason, the Nuggets’ list is getting very expensive. Newly extended forwards won’t even be Denver’s highest-paid players – that honor belongs to veteran stars Nikola Jokic and Jamal Murray, who earn over $ 60 million combined in 2021-22.

As ESPN’s Bobby Marks tweets, the Nuggets plan to make around $ 156 million in team wages for the 22-23 campaign and are on track to become a taxpayer for the first time in more than a decade. The team remains below the tax threshold for the 21-22 season.

Porter’s deal is the fourth extension of the maximum pay scale for rookies to be finalized this offseason, with the Nuggets forward joining Luka Doncic, Young Traé, and Shai Gilgeous-Alexandre. As our tracker shows, Robert williams is the only player to have received a rookie ladder extension below the maximum so far in 2021.

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