Sacramento Kings All-NBA center Domantas Sabonis has agreed to a massive contract renegotiation and extension for a total of $217 million over five seasons — including $195 million in new money — his agents, Greg Lawrence and Jason Ranne of Wasserman, told ESPN on Saturday night.
The sides reached a formal agreement late on Saturday night, sources said. The Kings are using salary cap space to deliver an additional $8.6 million to raise his 2023-2024 earnings to $30.6 million — and add a four-year extension that'll give Sabonis that nearly $200 million more over the life of his contract.
Sabonis, 27, isn't taking the full money available to him. He discussed with the Kings' leadership his desire to prioritize the franchise's roster-building flexibility over fully maximizing his earnings, team officials told ESPN.
As the Kings were finalizing the new deal for Sabonis, they agreed also to re-sign starting forward Harrison Barnes on a three-year, $53 million contract, and reached a deal with EuroLeague star Sasha Vezenkov on a three-year, $20 million deal.