Caris LeVert signed a three-year, $52.5 million deal with the Brooklyn Nets on Monday.
The Nets and LeVert agreed to the deal on Sunday, his 25th birthday, although the addition to his existing contract officially begins at the start of the 2020-21 season.
“Caris personifies what it means to be a Brooklyn Net, and we firmly believe his best basketball is in front of him,” Nets GM Sean Marks said in a statement. “The growth he has displayed in his first three seasons is a testament to his tireless work ethic, along with an unrelenting will to maximize his talents and achieve team success. Our entire organization is excited to continue to have Caris as one of the leaders of our program moving forward.”
The Nets, perhaps the NBA’s busiest team this offseason, now have their core signed through at least the 2021-22 season. That includes free agent pickups Kevin Durant, Kyrie Irving and DeAndre Jordan, as well as veteran Spencer Dinwiddie.
LeVert missed 42 games last season with a dislocated right ankle, but averaged 11.2 points, 3.5 rebounds and 4.0 assists while hitting better than 31 percent of his 3-point attempts over 26 games following his return from the injury.
LeVert has seen his scoring and minutes increase each season, with last season — his third in the league — seeing him play 26.6 minutes per game and average 13.7 points, along with 3.8 rebounds and 3.9 assists. He also averaged 21 points over five games in the Nets’ playoff series against Philadelphia last season.
Earlier this month, Chinese billionaire Joseph Tsai, who had owned 49 percent of the club, purchased full ownership of both the Nets and Barclays Center, the club’s home arena, from Russian Mikhail Prokhorov.