BREAKING: Mike Conley Signs Massive 3-Year, $68 Million Extension with Minnesota Timberwolves
Salary Details and Contract Breakdown
2023-24 Season:
Conley is set to earn a staggering $24,360,000 for the upcoming 2023-24 NBA season, cementing his status as one of the highest-paid point guards in the league. This represents a significant pay raise from his previous contract with the Utah Jazz.
2024-25 and 2025-26 Seasons:
In the following two seasons, Conley's salary will remain astronomical, with a base salary of $9,975,962 for both the 2024-25 and 2025-26 campaigns. This hefty pay package underscores the Timberwolves' commitment to Conley as a key part of their long-term plans.
Cap Hit and Dead Cap Value:
Conley's cap hit, which represents the amount that his salary counts against the Timberwolves' salary cap, will also be a hefty $9,975,962 in both the 2024-25 and 2025-26 seasons. His dead cap value, which represents the amount that would still count against the salary cap if his contract were to be terminated prematurely, is also set at $9,975,962.
This contract extension is a clear indication of the Timberwolves' belief in Conley's abilities and their desire to keep him as a cornerstone of the franchise. It remains to be seen how Conley will perform in the upcoming season and beyond, but one thing is for certain: his massive paycheck is sure to generate plenty of headlines in the years to come.
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