The Denver Nuggets have doubled down on Jamal Murray, signing the star guard to a five-year, $208 million contract extension. While Murray’s playoff heroics in 2023 showcased his talent, his contract has sparked a heated debate across the league, with many wondering if his history of injuries and recent struggles justify such a substantial investment.
Murray’s extension begins with a hefty $36 million in 2024, marking him as one of the NBA’s top earners. It’s a high-stakes move for Denver, as Murray’s past injuries—including an ACL tear in 2021—and a disappointing 2024 Olympics performance have raised concerns about his long-term durability. His Olympics run saw him average only 11.3 points per game for Team Canada, a stark contrast to his usual brilliance with the Nuggets.
Despite the concerns, analysts argue that Denver had little choice but to secure Murray’s services. As one analyst noted, “It’s a necessary amount of risk. The Nuggets had to do this deal and ensure they kept Murray in Denver.” The Nuggets’ confidence in Murray is rooted in his phenomenal 2023 playoff performance, where he averaged 26.1 points, 7.1 assists, and 5.7 rebounds. With moments like his buzzer-beater against the Lakers in Game 2 of the first round, Murray proved he’s capable of delivering in clutch situations.
But the deal isn’t without risks. By committing so much cap space to Murray, the Nuggets will have limited flexibility to add other high-caliber players in a competitive Western Conference. The departure of Kentavious Caldwell-Pope and Jamal Murray’s recent calf issues only amplify the pressure on him to stay healthy and perform. Murray’s contract also brings financial expectations: as of 2024, his net worth sits around $425 million, boosted by investments and endorsements, a number likely to grow as his profile rises.
Murray’s high salary means that his every move will be scrutinized by fans, analysts, and the Nuggets’ front office. As he embarks on this critical season, Murray will need to prove that he can stay on the court and live up to his potential as a franchise cornerstone alongside Nikola Jokić. With the Nuggets’ championship hopes hanging in the balance, this season will be pivotal in validating the organization’s faith in their star guard.
