The Kings have offered Bogdan Bogdanovic the largest possible contract extension the CBA allows, the swingman confirmed to Jason Anderson of The Sacramento Bee. However, Bogdanovic said he wants to take his time to consider the decision.
“I would like to stay,” Bogdanovic told Anderson. “Everyone knows that I love Sacramento. Everyone loves to be here. It’s a great group of guys. I’m happy right now and I was happy all these years, but I don’t want to rush anything.”
Players who are eligible for veteran extensions can receive starting salaries worth up to either 120% of their current salary or 120% of the league’s estimated average annual salary, whichever is greater. In Bogdanovic’s case, that would mean a first-year salary of about $11.5MM on a new deal. With 8% raises over the course of four years, the total value of the Kings’ offer would come to approximately $51.4MM.
Although four years and $51.4MM is the most the Kings can offer Bogdanovic at this point, he’s a candidate to receive a more lucrative offer if he reaches restricted free agency next July. The 27-year-old has emerged as a key part of Sacramento’s rotation in his two seasons with the team, averaging 12.9 PPG, 3.5 APG, and 3.1 RPG with a .375 3PT% in 148 total games with the club.
Those aren’t exactly star-caliber numbers, but they’d still make him one of the more intriguing wings available in a weak 2020 free agent class — especially if he improves upon them in his third NBA season.
The Kings are also reportedly negotiating a possible extension for Buddy Hield and face an October 21 deadline in those talks. However, there’s no such deadline for Bogdanovic, who wasn’t a first-round pick like Hield — he could sign a new contract with Sacramento all the way up until June 30, 2020.
While it remains to be seen whether the team will be able to lock up the Serbian before he hits free agency, Bogdanovic’s comments to Anderson certainly make it sound as if he’s open to the idea.
“We will wait to see,” Bogdanovic said. “Maybe we will sign tomorrow. Maybe we sign in a month. Who knows? We will see.”