Nuggets guard Jamal Murray is one of the players who would become eligible for a super-max veteran extension – worth 35% of the cap instead of 30% – if he earns All-NBA honors in 2023/24.
On the surface, that seems like a long shot for Murray, who has never received a single All-NBA vote, let alone made one of the three end-of-season teams. However, speaking to Mark Medina of Sportskeeda, general manager Calvin Booth said the Nuggets believe Murray can and will secure an All-NBA berth this season, suggesting that the organization is looking ahead to giving him a super-max contract extension.
“He’s really focused and locked in. I think he’s going to have a big season. We’re anticipating that we’re probably paying him the super-max. He’ll probably make All-NBA,” Booth said. “Everybody knows it’s out there, so we might as well talk about it. He obviously knows that carrot is out there for him. But more than the financial reward for it, he’s a competitor. I definitely think, even if he doesn’t say it out loud, that will definitely be on his mind and will be approaching the season that way.”
The Nuggets are already on the hook for one super-max contract for two-time MVP Nikola Jokic. Adding a second one to their long-term payroll would reduce their financial flexibility going forward and would mean dedicating a significant portion of their cap to two players. Still, Booth’s comments to Medina make it sound like Denver would be open to offering a super-max extension if Murray qualifies for one.
“Obviously, it’s going to be a hit to our salary cap, but I love seeing people reach their potential when they play the way he can,” Booth said. “So if he accomplishes a goal and makes All-NBA, I know Josh [Kroenke] and Mr. K [Stan Kroenke] are big Jamal guys. So, we’ll step up and do what we need to do.”
Murray is currently eligible to sign a three-year extension that could be worth up to 30% of the 2025/26 salary cap (with 8% annual raises). If he claims a spot on an All-NBA team this season, he’d be eligible next summer to sign a five-year extension that begins at 35% of the ’25/26 cap.
We don’t yet where exactly the cap will land for that season, but the total value of Murray’s extension could double if he waits until 2024 and receives a super-max deal. With that in mind, it’s no surprise then that a recent report indicated the 26-year-old likely wouldn’t sign a new extension before the season.
Murray will likely have to make a statistical leap in 2023/24 to earn an All-NBA nod. He has had some memorable postseason runs – including this past spring, when he averaged 26.1 points, 7.1 assists, and 5.7 rebounds per night in 20 games en route to a title – but his regular season numbers have never been quite that gaudy. Last season, he put up 20.0 PPG, 6.2 APG, and 4.0 RPG on .454/.398/.833 shooting.
It’s also worth noting that Murray will have to appear in at least 65 games to qualify for All-NBA honors. Last season, his first one back following a torn ACL that forced him to miss all of 2021/22, he appeared in exactly 65.