JUST IN: Lauri Markkanen Rejects Jazz Extension, Signs Record Deal with Lakers.
In a shocking turn of events, Utah Jazz star power forward Lauri Markkanen has officially turned down a four-year, $105 million improved contract extension from the franchise. Instead, Markkanen has agreed to a five-year, $112 million deal with the Los Angeles Lakers—marking a franchise record for the team and signaling their aggressive push to rebuild around a younger core.
The deal was confirmed just 20 minutes ago, sending shockwaves across the NBA landscape. Markkanen, who emerged as one of the league’s most elite forwards during his time in Utah, averaged 23.2 points and 8.5 rebounds per game last season. Known for his unique blend of size, shooting, and versatility, the 7-footer became a cornerstone piece for the Jazz since arriving from Cleveland in 2022.
Sources close to the situation say Markkanen’s decision was driven by a desire to compete for a championship in a larger market, with the Lakers offering both a massive platform and an opportunity to play alongside All-Star talent. The Lakers, desperate to transition from their aging core, view Markkanen as a foundational piece for the future.
This move represents a huge loss for the Jazz, who were reportedly confident in locking down the Finnish star long-term. Utah will now have to retool once again, with their rebuild taking a major step back.
For the Lakers, this is a home-run acquisition—bringing in a rising star entering his prime, while making a bold statement to the rest of the league.
Markkanen is expected to be formally introduced at a press conference in Los Angeles later
this week.
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