Spida is cashing in.
Michell's extension comes with a guaranteed $163 million, but the total value could rise to $195 million if he meets All-NBA criteria this season, Wojnarowski adds.
The 13th overall pick in 2017 is coming off a career year in which he averaged 24 points, 4.4 rebounds, and 4.3 assists, and Mitchell was named an All-Star for the first time. During Utah's first-round series against the Denver Nuggets, he eclipsed 50 points in Games 1 and 4 and scored 44 in Game 6. However, the Jazz were eliminated in seven games.
Mitchell, 24, made $3.64 million last season and will earn $5.1 million in 2020-21, the final year of his rookie deal, according to Spotrac. The 2021-22 season will be the first year of his extension.