Jordan Clarkson and the Utah Jazz have agreed on a new three-year contract renegotiation and extension worth $55 million, which would see the 6-foot-5 play in Utah until the conclusion of the 2025-26 NBA season, as per Shams Charania of The Athletic and Stadium.
Utah's Jordan Clarkson, Klutch Sports CEO Rich Paul and agent Brandon Cavanaugh are finalizing a three-year, $55 million contract renegotiation and extension with the Jazz, sources tell @TheAthletic @Stadium. Deal includes next season and two new years through 2025-26.
— Shams Charania (@ShamsCharania) July 2, 2023
The deal restructured Clarkson's salary for the upcoming year. He was supposed to make $14.2 million in 2023-24, the final year of his previous contract.
On the other head, the Jazz will enter the upcoming season with a significant amount of cap space, and they decided to up Clarkson's pay for 2023-24 to $22 million to fill up the salary floor required by the league.
Eventually, Clarkson's salary will descend and return to his usual market value of $15.5 million in 2024-25 and $14.2 million in 2025-26 to give Utah more flexibility in its roster building.
Clarkson would also receive a nice payday from the Jazz in a rebuilding season.
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Jordan Clarkson Has Been a Solid Option For The Jazz
Clarkson was named the NBA Sixth Man of the Year in 2021 during his first full season in Utah.
He averaged a career-high 20.6 points per game in 54.8% shooting in the 2022-23 season, alongside 3.2 rebounds and 1.9 assists.
The Filipino-American guard played in 61 games last season, starting in all of them. The Jazz notably had a hot start, sitting on top of the Western Conference with a 10-3 record after 13 games before the elite teams found their groove.
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