12:32pm: The extension is official, the Jazz announced on Twitter.
11:43am: Royce O’Neale has agreed to a four-year, $36MM extension with the Jazz, according to Adrian Wojnarowski of ESPN. The news was confirmed by O’Neale’s agents, Ty Sullivan and Steven Heumann of CAA Sports, who say their client plans to sign the deal today.
The third-year forward is making $1.6MM this season and was headed for restricted free agency this summer. He became a full-time starter this season and is averaging career highs with 6.2 points, 5.0 rebounds and 2.5 assists per game while shooting 44.3% from 3-point range. He’s also a defensive specialist who often takes on the opponent’s toughest matchup.
O’Neale went undrafted out of Baylor and played two seasons in Europe before signing with the Jazz in 2017. Wojnarowski notes that he’s the latest success story for a Utah franchise that puts heavy emphasis on player development.
The extension gives the Jazz 14 players under contract for the 2020/21 season, including their first-round pick, tweets Bobby Marks of ESPN. The team is $18MM under the projected tax line and still has a $9.8MM mid-level and a $3.9MM biannual exception to work with. Upcoming free agents are Jordan Clarkson, whom the team has Bird rights on, and Emmanuel Mudiay.