Nuggets star expected to agree to four-year max extension

The Nuggets and point guard Jamal Murray are progressing toward a four-year, $208.45M maximum contract extension this offseason, Shams Charania of The Athletic reports. The Nuggets will present the offer to Murray, and both sides expect an agreement.

Murray is entering the final year of a five-year, $182.8M contract. He’s due to make $36M next season.

Under the terms of the extension, Murray would make approximately $46.53M in 2025-26, $50.25M in 2026-27, $53.97M in 2027-28 and $57.7M in 2028-29, according to cap expert Yossi Gozlan. He could’ve added a fifth year worth $61.4M if he re-signed as a free agent in 2025, according to Gozlan, but Murray has apparently chosen to lock into the long-term security now.

These salary estimates are based on a $141M cap in 2024-25, then a 10% increase in 2025-26.

Murray won a championship with the Nuggets in 2023 and is generally considered the best current player, never to be selected as an All-Star. During the title run, Murray averaged 26.1 points, 5.7 rebounds and 7.1 assists in 20 games.

Injuries limited him to 59 regular-season games this past season when he averaged 21.2 points, 4.1 rebounds and a career-best 6.5 assists. In Denver’s 12 postseason games, he averaged 20.6 points, 4.3 rebounds and 5.6 assists.

Murray is a career 45.2% shooter, including 38% from beyond the three-point line. A 2016 lottery pick, he is just 27 years old.