De’Aaron Fox is about to get PAID.
With NBA free agency opening up Friday afternoon at 6 p.m., players were officially free to negotiate their new deals and there is no bigger winner from the first few hours than the former Kentucky Wildcat point guard. According to The Athletic’s Shams Charania, Fox has agreed to a maximum contract extension to stay with the Sacramento Kings that will pay him $163 million over the course of five years. Charania also reports that there are clauses (being named to an All-NBA Team or winning MVP/DPOY) in the deal that could potentially see Fox earn the supermax of up to $195.6 million.
— Shams Charania (@ShamsCharania) November 21, 2020
ESPN’s Bobby Marks has the financial breakdown of Fox’s new contract.
Here are the numbers on the De'Aaron Fox extension
$163M that could increase if the cap goes north of $112M and Fox reaches All-NBA:
30%- 1st team
28%- 2nd team
26%- 3rd team
— Bobby Marks (@BobbyMarks42) November 21, 2020
That is… SO much money. Fox’s deal marks the first maximum contact of the 2020 offseason.
During his first three seasons with the Kings, the now 22-year-old Fox has steadily developed into a franchise-leading point guard. His rookie season was met with criticism and he admittedly struggled, but since then, he was turned into a future multi-time All-Star. During the 2019-20 season, Fox averaged a career-high 21.1 points to go along with 6.8 assists while shooting 48 percent from the floor. His 3-point percentage dipped significantly from year two to year three, but he shows promise that he could eventually develop into a dependable outside shooter.
For a Sacramento organization that has been infamous for making poor business decisions, this one was a no-brainer.