Murray, who has an expiring contract, will earn a base salary of approximately $17.7 million in 2023-24, with $500,000 in potential incentives and another $1 million in windfall incentives. The new collective bargaining agreement allows the NBA to raise up to 140% of a player’s previous salary in the first year of the extension, and it looks like Murray will get the maximum out of the raise.
Based on a 40% increase in the first year, Murray’s new deal will have a base value of approximately $111 million, with additional incentives of approximately $10 million. If he achieves all of his bonuses, the maximum amount of his four-year contract will be around $120.5 million.
It was felt that Murray could wait until he reached unrestricted free agency in 2024 to sign a new deal, as he would be eligible for a much larger payday at that time. The fact that he’s willing to stick around four more years now is a big win for the Hawks, who gave up three first-round picks (two unprotected) and a pick trade to get the point guard from the Spurs in their last off season.
Reports at the time of the trade indicated that San Antonio was concerned about being able to extend Murray prior to free agency.
In his first year at Atlanta, Murray averaged 20.5 points, 6.1 assists, and 5.3 rebounds in 36.4 minutes per game across 74 contests. He shot a career-best 46.4% from the field, including 34.4% on three-pointers, and offered his usual solid perimeter defense along with Tra Young In the Hawks back area.
There were rumors earlier in the offseason that the Hawks were willing to discuss trading anyone but Young, but a new extension for Murray would officially take him off the trade for the rest of 2023. Never considered a legitimate candidate to be a transfer this summer, the 26-year-old will become A year old is not eligible for a six-month contract once he has signed the new extension.