Durant to sign 4-year, $198M extension with Nets
He is eligible to sign the new deal Saturday.
Durant held a $42.8-million player option for 2022-23 as part of the four-year, $164.3-million contract he initially signed with Brooklyn in 2019. However, he will now forgo that option in 2022 and his new extension will kick in instead.
The 32-year-old will earn $44.1 million in the first season of the new agreement, rising to $54.7 million in 2025-26 at the end of the deal, according to ESPN's Bobby Marks.
Durant missed his entire first year with the Nets recovering from the Achilles tear he suffered during the 2019 Finals. He made his long-awaited team debut this past season and didn't appear to have missed a beat, scoring 26.9 points per game while averaging 7.1 rebounds, 5.6 assists, 1.3 blocks, and shooting 45% on 5.4 3-point attempts per contest.
The 11-time All-Star quickly reinserted himself into the MVP conversation but eventually fell out of consideration due to games missed; Durant played in just 35 of the Nets' 72 regular-season matchups due to COVID-19 and a hamstring strain.
Nets general manager Sean Marks said in June that the trio factors significantly into the team's plans.
"It's probably too early to start discussing what their futures are," Marks said at the time, according to Brian Lewis of the New York Post. "Obviously, we're committed to them. They play a big role in how we're going to build this."