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Kevin Durant Agrees to Sign Contract Extension With Brooklyn Nets

Last Updated: September 27, 2022
The two-time NBA champ and Finals MVP will re-sign with the team on a four-year deal.

Two years after joining the Brooklyn Nets, 11-time NBA All-Star forward Kevin Durant has agreed to sign a four-year contract extension with the team worth $198 million on Friday, Durant’s longtime manager Rich Kleiman confirms.

Following the 2020-21 season, Durant had received $306,172,746 in total career earnings from his NBA contracts, which ranks No. 5 on the all-time list. The 32-year-old’s new deal in Brooklyn will take him above half a billion dollars earned on the court.

Kevin Durant Contract & Salary Details

Length: 4 years
Total value: $194,219,320
Average annual value: $48,554,830
Free agency: 2026

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As part of this extension, Kevin Durant will decline his existing player option for the 2022-23 season, and will instead add four years beginning in 2022.

Durant, a two-time NBA champion and Finals MVP as a member of the Golden State Warriors, signed a four-year, $164 million contract with the team on June 30, 2019 as part of a sign-and-trade to Brooklyn just 20 days after rupturing his right Achilles tendon in Game 5 of that summer’s NBA Finals. The 6-foot-10 four-time scoring champion didn’t play another NBA game for more than 18 months, missing the entire 2019-20 season.

In 2020-21, Durant averaged 26.9 points, 7.1 rebounds, and 5.6 assists per game in the regular season, setting career highs in field goal percentage (53.7%) and three-point percentage (45%). During the playoffs, his numbers skyrocketed to 34.3 points and 9.3 boards per game on 54.2% shooting, including a 49-point, 17-rebound effort in Brooklyn’s second-round Game 5 win over the Milwaukee Bucks.

A native of Prince George’s County, Maryland who attended the University of Texas and became the consensus NCAA National Player of the Year, Kevin Durant was drafted No. 2 overall by the Seattle Supersonics in 2007. He was named the 2007-08 NBA Rookie of the Year, 2013-14 NBA MVP, and has made nine All-NBA teams to date.

His re-signing continues a strong Nets offseason that includes retaining forward Blake Griffin and guard Bruce Brown, signing guard Patty Mills and forward James Johnson, and drafting guard Cameron Thomas and center Day’Ron Sharpe.

Kevin Durant’s contract extension salary by year:

2022-23: $44,119,845
2023-24: $47,649,433
2024-25: $51,190,021
2025-26: $54,708,608

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About The Author
Shlomo Sprung
Shlomo Sprung
Shlomo Sprung is a Senior Staff Writer at Boardroom. He has more than a decade of experience in journalism, with past work appearing in Forbes, MLB.com, Awful Announcing, and The Sporting News. He graduated from the Columbia University Graduate School of Journalism in 2011, and his Twitter and Spotify addictions are well under control. Just ask him.