Adrian Wojnarowski of ESPN and Jeff Schultz of The Athletic have reported that Trae Young and the Atlanta Hawks agreed to a five-year extension.
The price of the deal is yet to be announced. Young is currently eligible to receive around $172 million for five years starting from the 2022-23 season, 25 percent of the projected cap for the season.
If Young meets the criteria for the Derrick Rose rule, his paycheck may come at even a higher number, 30 percent cap in the first season of the deal or roughly as much as $207 million. In order to qualify, he has to make an All-NBA team, win MVP, or win Defensive Player of the Year in the season before signing or in two of the previous three seasons.
The 22-year-old had a breakout season in 2020-21 and averaged 25.3 points per game during the regular season. He averaged 28.8 points and 9.5 assists per game in his first-ever playoffs run. He led his team to the Eastern Conference Finals albeit being eventually defeated by the Milwaukee Bucks in six games.