Malik Monk agrees to $78 million contract to stay with Kings

Malik Monk agrees to million contract to stay with Kings

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The Kings have signed one of the team’s top stars to a new contract.

Malik Monk agreed to a four-year, $78 million contract Thursday night that includes a player option. According to ESPN’s Adrian Wojnarowski.

The Kings, who failed to advance from the play-in round, are hoping the guard will return during free agency after he averaged career-highs of 15.4 points and 5.1 assists in 2023-24.

They got what they wanted.

Sacramento Kings guard Malik Monk (0) dribbles past Dallas Mavericks guard Kyrie Irving (11) during the third quarter at Golden 1 Center. — Kings guard Malik Monk drives past Kyrie Irving during a game against the Mavericks last season. Reuters Con reports, USA Today Sports

Monk, 26, was runner-up for the league’s Sixth Man of the Year award for his performance.

On June 30, the free agent market will officially open, and players can openly and legally communicate with teams in the free market. At that time, Monk can start listening to the opinions of other teams.

On Wednesday, the Kings’ De’Aaron Fox told reporters that he has not spoken with Monk about his free agency decision since the season ended.

“I haven’t really asked him about it… I’m not sure.” Fox told ABC10“We’re friends first. … I didn’t really ask him anything about free agency.”

Sacramento Kings guard Malik Monk (0) shoots past Orlando Magic forward Jonathan Isaac (1) during the second quarter at KIA Center. — Kings guard Malik Monk shoots over Jonathan Isaac during a game against the Magic last season. Mike Watters-USA TODAY Sports

ESPN sources: Free agent G Malik Monk intends to sign a four-year, $78 million contract (including player option) to return to the Sacramento Kings. Monk finished second in the NBA Sixth Man of the Year race with a career-high 15 points and five assists. pic.twitter.com/J8KuOwPl0H

— Adrian Wojnarowski (@wojespn) June 21, 2024

“I’m certainly happy for him to be in this situation and obviously have multiple teams chasing him,” Fox added. “Obviously, we’d like him to stay, but at the end of the day, he’s got to do what’s best for him.”

The upcoming season will be Monk’s third in Sacramento.

After being selected by the Hornets in the first round (11th overall) of the 2017 NBA Draft, Monk spent four years in Charlotte and then played one season with the Lakers before joining the Kings.

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