JULY 6: The Kings have officially re-signed Monk, the team announced today (via Twitter).
According to Anthony Slater of The Athletic (Twitter link), Monk told reporters today that he’s fully recovered from the MCL injury that ended his season. He added that he could’ve taken more money from another team but that Sacramento “felt like home.”
JUNE 20: Free agent guard Malik Monk intends to re-sign with the Kings, according to ESPN’s Adrian Wojnarowski, who reports that Monk has agreed to a four-year contract worth approximately $78MM. The deal will include a fourth-year player option, Wojnarowski adds.
Monk, 26, spent his first four NBA seasons in Charlotte and one year with the Lakers before signing a two-year, $19.4MM contract with the Kings in 2022. He has enjoyed two of the best seasons of his career in Sacramento, emerging as a crucial scorer and play-maker off the bench and earning Sixth Man of the Year votes in both seasons — he finished fifth in 2023 and was the runner-up award for the award in 2024.
Monk set new career highs with 15.4 points and 5.1 assists per game for the Kings in 2023/24. While his three-point percentage has slipped a little since his final year with the Hornets (40.1%) and his one season in Los Angeles (39.1%), he has still knocked down 35.4% of his 5.5 attempts per contest during his time in Sacramento while taking his game to new heights as a ball-handler and play-maker.
Having just spent two years in Sacramento so far, Monk has Early Bird rights this offseason, which means the Kings are limited to giving him a 75% raise on his 2023/24 salary. That works out to a starting salary of $17,405,203 and a four-year total of $77,975,309.
There was a belief that another team might outbid the Kings’ max offer if Monk had made it to the open market. However, he either got early signals that a more lucrative offer wouldn’t be out there or simply decided that he preferred to remain in Sacramento, regardless of the other options that may have been available on June 30.
The NBA’s free agency rules changed this offseason, allowing teams to negotiate with their own free agents beginning one day after the end of the NBA Finals instead of having to wait until June 30. That allowed the Kings to strike an early deal with Monk, though the contract won’t be officially signed until July 6.
Monk is the second free agent to reach a tentative agreement with his team this week, joining Pascal Siakam of the Pacers. Unless one of those deals falls through, two of the top 10 players on our list of 2024’s top 50 free agents are now off the board. Monk came in at No. 10 on that list.
Might end up looking like a overlay in 3-4 years…
Brother the AAV is under 20 million. This is a giant win for Sacramento.
Malik Monk gave the Sacramento Kings a hometown discount. I think he made a great decision! Then he can stay with his good friend De’Aaron Fox.
Um 3-4 years the contract’s over haha
The bigger question is they are way over the cap and have no money to plug holes. So they are bring back the same team for next year. One that didn’t make it out of the play in.
They’re gonna package picks, Velvet, and Barnes for something. Probably wont be an amazing return but a deal is imminent.
YES! OH MY GOD YES! I could cry right now
Surprised he gave discount, especially with Kings collapsing down the stretch without him. He had some leverage.
Im more shocked that he didn’t test the waters. He said that money alone wouldn’t take him away from Sacramento. I think people who dont watch the Kings dont really understand how much Lik is loved in Sacramento. He is the culture.
He got the maximum dollars and years he could from the Kings, so no discount given.
Dominos falling
Will IHart accept the same deal in next couple days ?
Nyk awaits
Once again proof that the media knows absolutely nothing. Go Kings!
That’s all the Kings worry about, the Salary Cap. All the Championship Teams are way over the Cap and don’t care. That’s why they go deep into the playoffs or win championships, by Not worrying about the Salary Cap and doing what is Neccessary to win.
So you want the Kings to somehow sign an expensive free agent while currently not having the cap to do so? Or you want them to give Keegan his extension early? Wtf are you talking about man?
Your confusing cap and luxury tax
Monk made the right decision, happiness over more money.
Money =happiness
That’s what people with no money say.
Good for Monk. Good for the KINGS.
20mil a season for a bench SG…..
Very unpopular opinion again but this is an overpay.
15-5-3 on 12 shot attempts = 20mil
Kevin Hueter put up 15-3-3 just a year ago and his 15mil a season contract apparently has bad value….
Donte DiVancenzo, 15.5-4-3 while shooting 40% from 3 and is only on 11 mil a season…
This to me just seems like bad business but I’ll happily be proven wrong if the kings make the playoffs again and actually win a series. So far I have really liked the job they’ve done turning things around these last few years and wouldn’t want to see them be the laughing stock of the league again which I don’t think they will be, I’m just not a fan of this deal and give it a season or two and I’m sure he will be used as filler in a bigger deal …
Nice, backed himself, performed big time this is well deserved and a good deal for Sacramento.
Now watch him regress
So is he the starter now? Or will they keep starting Huerter? Or will they try and trade Huerter?
More likely that they trade Heurter to try and get a defensive wing and start Davion Mitchell at the 2 with Monk retaining his 6th man role. He’s elite in that regard and takes so much pressure off Fox and Sabonis.
Why on earth would you think Davion is about to start at the 2? Malik is going to start. He didn’t take a discount to not start.
The emergence of Keon Ellis was the silver lining in the Heurter and Monk injuries.
Never thought he’d get much more on the open market. Maybe something like 4/82, but I always thought 4/78 would be at least somewhat competitive. Good for the Kings getting a slight discount here.
You’re next IHART come back to NY Knicks
A package of Huerter and Monk for Zach LaVine is approaching.
Malik Monk should definitely win the 2024-2025 6th man of the year award.
Y’all gonna trade for Deorzen or not?