Lauri Markkanen has signed a five-year, $238 million contract extension with the Utah Jazz, including $220 million in new money and an additional $24 million for the 2024-25 season. This extension means Markkanen cannot be traded until after the 2024-25 NBA season, ending trade rumors linking him to teams like the Golden State Warriors. The deal solidifies Markkanen's position as a cornerstone of the Jazz franchise, making him the highest-paid player in team history. Markkanen expressed his confidence in the Jazz organization and is looking forward to focusing on playing basketball at a high level. The Jazz considered trade offers but ultimately decided to commit to Markkanen, who has flourished since joining the team.