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Report: Nuggets’ Malik Beasley turned down 3-year, $30 million extension before switching to Klutch Sports

Nuggets, Malik Beasley

Malik Beasley had the opportunity to sign a three-year, $30 million extension with the Denver Nuggets, but he chose to turn the offer down before switching his representation to Klutch Sports’ Rich Paul.

Beasley, now 22 years of age, is a candidate for an extension on his rookie deal. However, the question is: Will Denver want to commit to the former 19th overall pick?

Via Bobby Marks of ESPN:

Before switching to Rich Paul and Klutch Sports, Beasley turned down a three-year, $30 million extension, sources confirmed to ESPN. The contract would have been comparable to Beasley signing the full midlevel exception in Denver or an offer sheet with another team.

Beasley is coming off his most productive season in the NBA. He made 81 appearances with the Nuggets last regular season (18 starts), racking up averages of 11.3 points on 47.4 percent shooting from the field (40.2 percent from beyond the arc), 2.5 rebounds and 1.2 assists in 23.2 minutes per outing.

The Nuggets have until Oct. 21 to come to an agreement on an extension with Beasley, otherwise he’ll be ticketed for restricted free agency next summer.

Beasley and the Nuggets finished the 2018-19 regular season campaign with an impressive 54-28 overall record, earning a No. 2 seed in the Western Conference. Unfortunately, Denver was defeated by the Portland Trail Blazers in the second round, 4-3.