The Hornets have formally exercised Malik Monk‘s third-year option for the 2019/20 campaign, the team announced today in a press release. The move, which was expected, guarantees Monk’s $4,028,400 cap hit for next season.
Monk, 20, joined the Hornets last year as the 11th overall pick in the 2017 draft. The former Kentucky standout averaged just 6.7 PPG on .360/.342/.842 shooting in 63 games as a rookie, but has seen an increased role in the early going this season. While Monk’s shooting percentages so far have been about the same as last year’s, he has bumped his scoring average to 11.0 PPG through six contests.
The Hornets’ next contract decision on Monk will be due a year from now, when the team will either exercise or decline his fourth-year option for 2020/21. Assuming that option is picked up, the young guard will become extension-eligible during the summer of 2020, and would be eligible for restricted free agency in 2021.
The full list of 2019/20 rookie scale option decisions can be found right here.