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Donovan Mitchell - Utah Jazz
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Report: Jazz Agree To Contract Extension With Donovan Mitchell

Donovan Mitchell #45 of the Utah Jazz at American Airlines Center on February 10, 2020 in Dallas, Texas. (Photo by Ronald Martinez/Getty Images)

SALT LAKE CITY, Utah – The Utah Jazz and Donovan Mitchell agreed to a contract extension.

According to ESPN’s Adrian Wojnarowski, Mitchell will sign a five-year, $195 million deal to remain in Utah.

Mitchell’s rookie scale contract doesn’t expire until the end of the 2020-21 season, but the two sides were able to guarantee their respective futures together by coming to an early extension.

Reportedly, the news came to Wojnarowski through Mitchell’s agents.

Mitchell averaged 24 points, 4.4 rebounds, and 4.3 assists during his third NBA season and earned a selection to his first All-Star game in Chicago. The guard set a franchise record when he scored 57 points in Utah’s game one loss to the Denver Nuggets in the playoffs. Mitchell led all postseason scorers with a 36.3 point per game average.

The five-year deal should be viewed as a sigh of relief for Jazz fans as the team now owns the franchise cornerstone’s rights for the foreseeable future. Mitchell could have signed a shorter extension with an eye towards hitting the unrestricted free-agent market at an earlier date.

ESPN’s Bobby Marks tweeted a breakdown of what Mitchell’s financial numbers will look like depending on the guard’s performance.

The Jazz attached significant bonuses into Mitchell’s deal if he were to qualify for an All-NBA team. The bonuses range from $5.6 million in year one up to $7.4 million in the final year of his deal. According to Marks, the final year of the deal is a player option.

The franchise can now turn its eye towards extending the contract of All-NBA center Rudy Gobert who is set to hit the unrestricted free-agency market next summer.