Malik Monk and the Sacramento Kings have agreed to a four-year, $78 million contract. Monk’s contract includes a player option in Year 4. With a starting salary of $17.4 million, Monk will be earning 12.3 percent of the 24-25 salary cap of $141 million.
The Kings offered Monk the maximum they were allowed under the collective bargaining agreement. Monk was set to become an unrestricted free agent, but the Kings secure a commitment from their Sixth Man before he could hit the open market.
Monk averaged 15.4 points, 2.6 rebounds and 3.9 assists in 26.0 minutes over 72 games last season. Monk finished second in Sixth Man of the Year voting behind Naz Reid. Monk’s season ended prematurely due to a sprained MCL.
Monk first joined the Kings in 2022 on a two-year, $19 million deal after establishing himself as a productive scorer with the Los Angeles Lakers.
Monk is represented by Jeff Schwartz and Marcus Monk.