Domantas Sabonis, Kings agree to a contract renegotiation and extension

Adrian Wojnarowski: Sacramento Kings All-NBA C Domantas Sabonis has agreed to a contract renegotiation and extension for a total of $217M over five years — including $195M in new money, his agents Greg Lawrence and Jason Ranne tell ESPN. Sabonis’ 2023-2024 season will be renegotiated and four new seasons will be added onto the deal.
Source: Twitter @wojespn

What’s the buzz on Twitter?

James Ham @James_HamNBA
Monte McNair shrewd moves adds to Kings’ depth, sets up potential Sabonis extension… AM
Christos Tsaltas @Tsaltas46
Domantas Sabonis and Sasha Vezenkov will be the blondest frontcourt in the NBA next season. High-basketball IQ here and effectiveness on both ends of the floor. #BeamTeam #SacramentoProud11:31 AM
Christos Tsaltas @Tsaltas46
2023-24 Sacramento Kings depth chart
1: Fox, Mitchell, +1, Ellis
2: Heurter, Monk, Jones
3: Barnes, Edwards, Duarte
4: Murray, Vezenkov, Lyles
5: Sabonis, Len(?), Queta.
Looks promising group. Significant upgrades in backcourt and at 4 position. #BeamTeam #SacramentoProud10:13 AM
Brandon Rahbar @BrandonRahbar
2016: OKC trades Serge Ibaka for Victor Oladipo, Ersan Ilyasova + Domantas Sabonis.
2017: OKC trades Oladipo + Sabonis for Paul George.
2019: OKC trades PG13 for SGA + Gallo + 5 1st round picks (JDub!) + 2 swaps.
2023: OKC trades cap space for Oladipo + draft compensation. – 12:04 AM
StatMuse @statmuse
Fun fact: Bruce Brown has a higher average salary than Domantas Sabonis and Dejounte Murray. PM
Eric Pincus @EricPincus
FWIW, the Kings wouldn’t need to use cap room to reno Sabonis if an extension fits within 140% of his salary this next season. Only if it’s more would that be needed. I don’t know his market yet, as the landscape is evolving with the new deal – 9:56 PM
Sam Vecenie @Sam_Vecenie
I will say: I’m a little confused about the Kings’ decision to trade the No. 24 pick to get off of the Richaun Holmes deal unless this leads to a corresponding free agency move or a re-negotiation and extension for Sabonis. – 8:44 PM
Eric Pincus @EricPincus
Kings, I expect, reno-and-extend Sabonis, keep Lyles and have about ~$8 mil ish for either T Davis or a FA. Then the RMLE (~$7.7m) for one more upgrade. Something like that – 8:31 PM

More on this storyline

Jason Anderson: League source confirms to The Sacramento Bee: Sacramento Kings center Domantas Sabonis has agreed to a contract renegotiation and extension worth a total of $217 million over five years. I’m told there are no team or player options. Massive deal that is good for both sides. -via Twitter @JandersonSacBee / July 1, 2023
Bobby Marks: Sacramento still has flexibility this offseason after the Harrison Barnes extension. Options include: 1. Using $18M in room and also bring back Trey Lyles; 2. A combination of renegotiating Domantas Sabonis contract, bringing back Lyles, use remaining room and also the $7.7M room midlevel. 3. Act as a team over the cap -via Twitter @BobbyMarks42 / June 29, 2023

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