Lauri Markkanen signs new deal with Utah Jazz

— Lauri Markkanen has secured a multiyear contract extension with the Utah Jazz, solidifying his role in the team's rebuilding strategy. The extension, valued at $238 million over five years, includes $220 million in new money, significantly boosting his salary for the upcoming season by $24 million. Markkanen expressed his enthusiasm for the deal, stating, “I’m ready to get back to work and build with this franchise.” Jazz CEO Danny Ainge praised Markkanen's scoring ability and versatility, emphasizing that he embodies the team's core values both on and off the court. Since joining the Jazz two years ago, Markkanen has averaged 24.5 points per game and was recognized as the NBA’s Most Improved Player in his first season with the team. His impressive performance also earned him a spot on the All-Star team. Markkanen, a 7-footer known for his exceptional 3-point shooting, is among a select group of players, including Dirk Nowitzki and Channing Frye, who have made over 1,000 3-pointers in NBA history. The Jazz acquired him in a trade that sent Donovan Mitchell to the Cleveland Cavaliers in September 2022, marking a pivotal moment in the franchise's transition. General Manager Justin Zanik highlighted Markkanen's unique combination of size, skill, and shooting, affirming his status as an All-Star caliber player. Zanik expressed excitement about Markkanen's commitment to the team's long-term vision, viewing him as a crucial building block for the Jazz and a valued member of the Utah community.