The Kings and star center Domantas Sabonis has reportedly reached an agreement on a lucrative contract renegotiation and extension, according to ESPN’s Adrian Wojnarowski.
Sabonis’s new deal runs for five years, and he’s due to earn a whopping $217 million throughout its course. Of that, $195 million is reportedly new money.
The 27-year-old was set to enter the final year of his contract in 2023-24 and was due to earn $19.4 million. He had previously been under a four-year, $74 million deal in Sacramento, which he had originally signed with the Pacers in 2020.
Sabonis will be under contract with the Kings through the 2027-28 season, and he’ll pocket an average annual value of $43.4 million with his big-money extension.
Sacramento Kings All-NBA C Domantas Sabonis has agreed to a contract renegotiation and extension for a total of $217M over five years — including $195M in new money, his agents Greg Lawrence and Jason Ranne tell ESPN. pic.twitter.com/JL9Yic3Zi8
— Adrian Wojnarowski (@wojespn) July 2, 2023
Sabonis was acquired by the Kings from the Pacers as part of a blockbuster trade involving Tyrese Haliburton during the 2021-22 season. He’s since become an integral factor in Sacramento’s success, helping the team snap its lengthy playoff drought last season.
Across 79 games in 2022-23, Sabonis averaged 19.1 points, a league-high 12.3 rebounds, and a career-best 7.3 assists per game en route to his third All-Star Game appearance.
He and De’Aaron Fox are both now locked in on long-term contracts as the Kings look to continue building around their two centerpieces. Sacramento also signed reigning EuroLeague MVP Sasha Vezenkov on Saturday.
