Jazz, Mitchell agree to 5-year, $195M max rookie extension

LAKE BUENA VISTA, FLORIDA - AUGUST 23: Donovan Mitchell #45 reacts after teammate Mike Conley #10 of the Utah Jazz makes a three point basket against the Denver Nuggets during the third quarter in Game Four of the Western Conference First Round during the 2020 NBA Playoffs at AdventHealth Arena at ESPN Wide World Of Sports Complex on August 23, 2020 in Lake Buena Vista, Florida.
Kevin C. Cox / Getty Images Sport / Getty

Spida is cashing in.

The Utah Jazz and Donovan Mitchell have agreed to a maximum rookie extension worth $195 million over five years, the guard's agents told ESPN's Adrian Wojnarowski.

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.

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