The Nuggets are engaged in talks with Malik Beasley and his representatives – including agent Rich Paul of Klutch Sports – about a potential contract extension, a league source tells Mike Singer of The Denver Post.
As a former first-round pick entering the fourth and final year of his rookie deal, Beasley is eligible to sign an extension up until October 21, the day before the regular season begins. If he and the Nuggets don’t work something out by then, he’ll be eligible for restricted free agency during the summer of 2020.
Bobby Marks of ESPN reported last week that Beasley turned down a three-year, $30MM extension offer from the Nuggets, and a source confirms to Singer than the team did make an offer in that range. However, according to ESPN’s report, Beasley declined that offer before changing agents, so it’s not clear where negotiations stand with Paul and Klutch Sports.
After playing limited minutes in his first two NBA seasons, Beasley emerged as one of the Nuggets’ most effective bench players in 2018/19, averaging 11.3 PPG on .474/.402/.848 shooting in 81 games (23.2 MPG). He’s also still just 22 years old and could continue to improve — Singer speculates that a strong 2019/20 could increase Beasley’s value to $14-16MM per year.
Gary Harris, Will Barton, and Michael Porter all missed significant time last season, so if they’re all healthy to start the ’19/20 season, it will be interesting to see how Beasley’s role is affected. The Nuggets have a deep, talented rotation when everyone is healthy, but the former Florida State standout showed last season that he deserves a regular role.
In addition to Beasley, Juan Hernangomez is another extension-eligible player who is in the Nuggets’ long-term plans, Singer notes.