Jordan Clarkson and the UtahJazz are close to finalizing a three-year, $55 million renegotiate-and-extend contract. TakeNote
Now, it appears the high-scoring guard and fan favorite could be sticking around for years to come.
According to multiple reports Sunday, Clarkson and the Utah Jazz are closing in on a three-year, $55 million contract renegotiation and extension.the free agent market this summerHowever, given that the Jazz entered Sunday with approximately $14.9 million of salary cap room, it appears the team will be able to give the guard the raise he was hoping for.
By going the renegotiate-and-extend route, Utah’s front office likely will be able to turn some of that cap space into a balloon payment to Clarkson for ’23-24, to be followed by descending salaries the next two seasons — similar to the deal the Indiana Pacers and Myles Turner struck in January. Under such a structure, Clarkson’s salary could decrease by as much as 40% in ’24-25 from what he will now make this season. In effect, the Jazz will be able to utilize their remaining cap space this season to give him a significant raise, while then gaining more cap maneuverability in years 2 and 3 of the new deal.The Athletic was the first to report the news, which was subsequently confirmed by ESPN.
The 31-year-old Clarkson is coming off a career year in which he started all 61 games he played in, and averaged career highs in points and assists per game, while tying his career-high in rebounds .
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