Malik Monk agrees to stay with Kings on four-year, $78M contract, per report

Monk could've gotten a lot more from another team

By Brad Botkin Jun 21, 2024 at 9:25 am ET• 1 min read

Malik Monk has agreed to stay with the Sacramento Kings on a four-year, $78 million contract, according to ESPN's Adrian Wojnarowski. 

This was the max contract the Kings could offer Monk with his early Bird rights. It is a big deal that Monk signed before even testing free agency, as he could've been offered $100 million by other teams and it's likely someone would've gone higher than Sacramento. Orlando would've made sense from a scoring need and financial standpoint. 

Here's how Monk's contract breaks down annually. 

Monk had early bird rights with Sacramento.

Here are the numbers:

2024/25- $17.4M
2025/26- $18.8M
2026/27- $20.2M
2027/28- $21.6M (Player) https://t.co/MDCtCiI863

— Bobby Marks (@BobbyMarks42) June 21, 2024

Monk, who finished as the Sixth Man of the Year runner-up to Naz Reid after averaging a career high 15.4 points and 5.1 assists this season, is an electric scorer for the Kings and has clearly found a home he was not interested in leaving even with more money likely available.