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Report: Nuggets in talks with Malik Beasley about contract extension with deadline looming

Nuggets, Malik Beasley

The Denver Nuggets are in talks with Malik Beasley and his representatives about a contract extension, according to Mike Singer of the Denver Post.

If Beasley doesn’t sign an extension with the Nuggets before Oct. 21, he would enter restricted free agency next summer.

The Denver Nuggets are in talks with backup shooting guard Malik Beasley and his representatives about a contract extension with the Oct. 21 early extension deadline looming, according to a league source.

The Nuggets have less than two weeks to reach an extension with the fourth-year shooting guard or risk losing him in restricted free agency next summer. Beasley turned down a 3-year, $30 million deal, according to a report from ESPN. A source confirmed an offer was made in that range.

Last season for the Nuggets, Malik Beasley averaged 11.3 points, 2.5 rebounds and 1.2 assists in 81 games while shooting 47.4 percent from the field, 40.2 percent from beyond the arc and 84.8 percent from the free-throw line. He will make $2.7 million in 2019-20 under his current contract.

Beasley is represented by Rich Paul of Klutch Sports. He was the 19th overall pick in the 2016 Draft out of Florida State University. The 22-year-old has career averages of 7.2 points and 1.7 rebounds in 165 games with the Nuggets.