LeVert Signs 3-Year, $52.5M Extension With Nets

Ryan Chatelain
August 26, 2019 - 4:35 pm

Caris LeVert received a memorable birthday gift Sunday, agreeing to a three-year, $52.5 million contract extension with the Brooklyn Nets. 

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ESPN's Adrian Wojnarowski broke the news Sunday night, on LeVert's 25th birthday. The shooting guard signed the contract Monday afternoon.

Moments after word of the extension broke, LeVert posted a video to social media that did not mention the deal but reaffirmed his commitment to Brooklyn.

"This is where I started my career, and this is where I want to continue it," LeVert says in the video. "I'm ready to give it my all and continue to build with this group. I'm excited to get back out there in front of the best fans in the world. Brooklyn, I can't wait for what's next."

LeVert's extension kicks in for the 2020-21 season, when he'll earn $16.2 million, ESPN reported. He'll be paid $17.5 million and $18.8 million over the following two seasons.

A first-round draft pick out of Michigan in 2016, LeVert averaged 13.7 points, 3.8 rebounds and 3.9 assists in 40 games last season. 

He missed 42 games after dislocating his right ankle in November. Before the injury, he averaged 18.4 points.

In the Nets' five playoff games agains the 76ers, LeVert averaged 21 points.