Atlanta Hawks All Star point guard Trae Young has signed a five year designated rookie maximum extension of up to $207million, according to Omar Wilkes, Klutch Sports' agent.
A 30% escalator clause is included in the deal that will turn Young's guaranteed $172 million base into $207 million if he is elected to one of the three All NBA teams. Sources said that the deal also offers an option to terminate early after the fourth season.
The contract will start in the 2022-23 season, and it will continue through 2026-27.
After his remarkable playoff run, the Hawks advanced to the Eastern Conference finals. Young had not made the playoffs in the previous three seasons so negotiations with Young for a max extension of his rookie contract were easy.
Young was the catalyst for that success. He led the team to victories over Philadelphia 76ers and New York Knicks before pushing the Milwaukee Bucks up to six games in Eastern Conference finals. Young missed two games due to a bone bruise on his right foot and a sprained right leg.
Young averaged 28.8 and 9.5 points during the playoff run. He had already established himself as one the NBA's top young guards in three seasons after Atlanta traded him back to take him in 2018 NBA draft. This was part of the deal that saw Luka Doncic become the Dallas Mavericks' new player.
Young was unable to attend the All-Star Game, but he addressed any questions regarding his ability to influence winning games in Atlanta's postseason.
This report was contributed by Tim Bontemps, ESPN.