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Kevin Durant Agrees to 4-Year, $198 Million Contract Extension with Nets

Tyler Conway@@jtylerconwayFeatured Columnist IV

United States's Kevin Durant (7), right, celebrates with teammates during men's basketball semifinal game against Australia at the 2020 Summer Olympics, Thursday, Aug. 5, 2021, in Saitama, Japan. (AP Photo/Eric Gay)
AP Photo/Eric Gay

Brooklyn Nets forward Kevin Durant agreed to sign a four-year, $198 million contract extension Saturday, agent Rich Kleiman told ESPN's Adrian Wojnarowski

The Nets confirmed the deal Sunday:

Brooklyn Nets @BrooklynNets

πŸ—£ IT'S OFFICIAL<br><br>The Brooklyn Nets have signed <a href="https://twitter.com/KDTrey5?ref_src=twsrc%5Etfw">@KDTrey5</a> to a multi-year contract extension!!! <a href="https://t.co/ULopr4fquJ">pic.twitter.com/ULopr4fquJ</a>

Durant was eligible to become a free agent after next season. He originally signed a four-year, $164.3 million deal with the Nets in 2019.

The future Hall of Famer sat out the entire 2019-20 season recovering from a ruptured Achilles and returned in 2020-21 looking every bit like his former self. He averaged 26.9 points, 7.1 rebounds and 5.6 assists but was limited to 35 regular-season games because of injuries and a COVID-19 diagnosis.

The Nets' next order of business may be offering extensions to James Harden and Kyrie Irving, who each have player options for the 2022-23 season. Harden's next contract could pay him upward of $50 million per season, while Irving's max extension would be the same as Durant's.

It's unclear if Harden or Irving has an interest in matching Durant's long-term commitment to Brooklyn.

The Nets are facing a total payroll and luxury-tax payment of $296 million next season, per ESPN's Bobby Marks. That number will likely only rise in future seasons provided the Big Three stick together.