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Report: Mitchell agrees to 5-year, $195 million extension with Jazz

All-Star guard Donovan Mitchell has agreed to a rookie max extension, according to ESPN's Adrian Wojnarowski.

With Donovan Mitchell officially in for the long run, the future in Utah looks bright.

Utah Jazz All-Star guard Donovan Mitchell has agreed to a five-year, $195 million designated rookie max extension, according to ESPN’s Adrian Wojnarowski.

Wojnarowski reports that the deal is guaranteed for $163 million and could increase to $195 million if he meets All-NBA criteria for the 2020-2021 season.

Mitchell, who has established himself as Utah’s franchise centerpiece, was named an All-Star for the first time while averaging 24.0 points, 4.4 rebounds and 4.3 assists last season.

“A dream does not become reality through magic it takes sweat, determination and hard work,” Mitchell wrote on Instagram after sharing a toast with CAA Basketball agent Ty Sullivan and some family members as the celebration continued.

Mitchell averaged 20.5 points as a rookie, then 23.8 points in his second season and 24.0 points last season as a third-year player who wound up making the All-Star team for the first time. And even though the Jazz lost in first round of this past season’s playoffs in a seven-game epic against Denver — the Nuggets rallied from a 3-1 series deficit — Mitchell was dazzling.

He averaged 36.3 points in that series, including 57 points — the third-highest scoring total by any player in an NBA playoff game — in Game 1 of the matchup. He followed that with a 51-point outburst in Game 4, a game where he and Denver’s Jamal Murray became the first duo with 50-point performances in the same playoff game; Murray had 50.

Information from The Associated Press was used in this report.