Oct. 12: The Nuggets have officially signed Harris to the reported four-year contract extension, the team announced on its website.
Oct. 7: Nuggets guard Gary Harris will sign a four-year, $84MM extension with the team, according to Adrian Wojnarowski of ESPN. Wojnarowski reports that the deal will feature $74MM in guaranteed money, with an additional $10MM available in incentives and bonuses.
Harris had an October 16 deadline to reach an agreement on the extension or he would have been a restricted free agent next summer. The 23-year-old shooting guard will make a little more than $2.5MM this year, so he is looking at a nice raise when the extension kicks in for 2018/19. He will rank among the 10 highest-paid shooting guards in the league, posts Bobby Marks on ESPN Now.
The extension could give Denver as much as $113MM in guaranteed salary for next season, Marks tweets, raising potential tax concerns if Wilson Chandler ($12.8MM) and Darrell Arthur ($7.46MM) both opt in.
The 19th player taken in the 2014 draft, Harris won a starting job in his second season and has developed into a valuable member of a young Denver team. He averaged a career-best 14.9 points per game last year and shot 42% from 3-point range, although early-season injuries limited him to 57 games.
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