Sacramento Kings All-NBA center Domantas Sabonis has agreed to a massive contract renegotiation and extension for a total of $217 million over five seasons -- including $195 million in new money, his agents Greg Lawrence and Jason Ranne of Wasserman told ESPN on Saturday night.
The sides reached a formal agreement late on Saturday night, sources said.
The Kings are using salary cap space to deliver an additional $8.6 million to raise his 2023-2024 earnings to $30.6 million -- and add a four-year extension that'll give Sabonis that nearly $200 million more over the life of his contract.