Current Contract
Utah Jazz
Contract Start
July 2025
Contract End
June 2029
Duration
4 years
Contract Type
Veteran Extension
Total Guaranteed
$195.9m
2025 Salary
$45.6m
2025/28 Veteran Extension (Utah Jazz)
7 August 2024 - Lauri Markkanen signed 4-year (2024/27) veteran extension at Utah Jazz worth $195.8 million (Guaranteed). His contract carries average yearly salary of $48.9 million/year. His previous contract was renegotiated where in 2024/25 season his salary was increased to $42.2 million.
Contract Details
| Signed | Avg/Salary | Total | Team | Source |
|---|---|---|---|---|
| 2025 | $49m | $195.9m | Utah Jazz | Adrian Wojnarowski (X) |
Contract Breakdown (4 Years)
Season
Team
Age
Salary
2025-26
27
$45,550,731
2026-27
28
$47,828,268
2027-28
29
$50,105,804
2028-29
30
$52,383,341
| Season | Team | Age | Base Salary | Option | Remaining |
|---|---|---|---|---|---|
| 2025-26 |
|
27 | $45,550,731 | $150,317,413 | |
| 2026-27 |
|
28 | $47,828,268 | $102,489,145 | |
| 2027-28 |
|
29 | $50,105,804 | $52,383,341 | |
| 2028-29 |
|
30 | $52,383,341 | $0 |