Kevin Durant Signs 4-year, $198m Contract Extension with Brooklyn Nets

Kevin Durant at the Olympics
Kevin Durant at the Olympic Games

It’s been reported that Kevin Durant of the Brooklyn Nets has agreed to sign a four-year, $198 million maximum contract with the franchise.

The new contract extension maximizes Durant’s guaranteed salary, with him expected to decline his 2022-23 player option and extend off of his $42 million salary for the 2021-22 season.

Had Durant waited until next summer, he would have been affected by the NBA’s over-38 rule, which affects contract length for players who would reach age 38 during the course of it and would have prevented him from re-signing for the maximum five years.

Bet on NBA: NBA Odds // NBA Futures

Big Spending Brooklyn

In their determination to win the NBA championship for the first time in the franchise’s history, the Nets are currently projected to spend $296 million in payroll and luxury taxes next season, with both Kyrie Irving and James Harden also eligible to sign contract extensions with Brooklyn this offseason.

The current projection would see the Nets’ payroll as the second biggest in NBA history, only behind that of the Golden State Warriors next season.

Durant, who has just led Team USA to a fourth consecutive Olympic gold with a 87-82 win against France in the final in Tokyo on Saturday, has yet to play a full season for the Nets. He sat out his first season in Brooklyn as he recovered from the torn Achilles tendon he suffered in Game 5 of the 2019 NBA Finals playing for the Golden State Warriors against the Toronto Raptors.

NBA Betting Odds 2022

The Brooklyn Nets are the favorites to win the NBA Championship in 2022 at odds of +225 with the BetUS Sportsbook followed by the LA Lakers on +300.

As was shown in coming so agonizingly close to beating Milwaukee last season, if Brooklyn’s “Big Three” of Durant, Harden and Irving are able to stay healthy, they are more than capable of beating any other team in the NBA.

They had already made moves in the draft prior to extending Durant’s deal to strengthen the team’s bench and they will surely never have a better opportunity to claim that first championship than they will next season.

Full NBA Championship 2022 Odds from BetUS

Kevin Durant Stats at Brooklyn

* NBA odds correct at the time of article publication. All betting odds are subject to change.

Darren Moore

Darren lives & breathes sports betting and is always sniffing out his next value bet. His favourite sports to bet on are the NFL, horse racing and UFC but he will bet on anything if he thinks the odds are favourable.