Mike Conley Jr. is staying in Utah, and he's getting paid.
Just moments after NBA free agency began on Monday evening, The Athletic's Shams Charania reported that Conley had agreed to a three-year deal with the Utah Jazz. ESPN's Adrian Wojnarowski reported that the deal is worth $72.5 million, per Conley's agent, though Charania reported it was worth $68 million.
Either way, it's a lucrative new contract for Conley entering his 15th season in the NBA. He's coming off one of the best seasons in his career in 2020-21, when he made his first-ever appearance in the NBA All-Star Game and averaged 16.2 points, 3.5 rebounds and six assists per game while leading the Jazz to the best regular-season record in the Western Conference. He was out with a hamstring injury for most of the Western Conference semifinals, however, which the Jazz lost to the Los Angeles Clippers.
The former Ohio State guard was traded to the Jazz in 2019 after spending the first 12 seasons of his NBA career with the Memphis Grizzlies, where he became the franchise's all-time leading scorer.
Conley's new contract will bring him to more than $300 million in earnings for his NBA career.