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Report: Jamal Murray agrees to five-year, $170 million extension with Nuggets

Denver Nuggets guard Jamal Murray dunks during the first half of an NBA basketball game against the New York Knicks, Friday, March 22, 2019, at Madison Square Garden in New York. (AP Photo/Mary Altaffer)

In the middle of a frenetic free agency, Jamal Murray received his payday after helping lead the Denver Nuggets to the No. 2 seed in the Western Conference.

The Nuggets have agreed to a five-year, $170 million deal with Murray, according to Shams Charania of The Athletic.

Murray just finished up a season in which he led the 54-28 Nuggets in minutes per game while averaging 18.2 points and 4.8 assists per game.

[Free agency updates: Keep track of the moves, rumors, cap space and more]

Selected seventh overall in the 2016 NBA draft, Murray has steadily progressed throughout his three-year career.

As much as Murray produced last season, handing the 22-year-old a max contract is a bet on him continuing to develop into one of the NBA’s top guards. A similar bet worked out well enough last offseason when Nikola Jokic, fresh off a five-year, $147 million deal, delivered a first-team All-NBA campaign.

With Jokic and Murray now on board for the next four seasons and taking up a significant chunk of their cap space, the Nuggets are likely hoping they’ve found the two-man core to build around. As the West opens up more than it has at any point in the last half-decade, we’ll see if they were correct.

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