Making a splash: Mitchell, Jazz agree on max extension

FILE - In this Aug. 30, 2020, file photo, Utah Jazz's Donovan Mitchell, center, goes up to shoot as Denver Nuggets' Jerami Grant, left, and Paul Millsap, right, defend during the second half of an NBA basketball first round playoff game in Lake Buena Vista, Fla. Mitchell agreed Sunday, Nov. 22, 2020, to a five-year, $163 million extension to remain with the Jazz. (AP Photo/Ashley Landis, File) (Copyright 2020 The Associated Press. All rights reserved.)

Donovan Mitchell got the life-changing news Sunday and immediately began celebrating. He ripped off his T-shirt, ran out of the house and leaped into the pool.

And just as he did in his first three seasons with Utah, he made a huge splash.

Mitchell is now a max-contract recipient, he and the Jazz agreeing Sunday on a five-year extension that guarantees him $163 million — the new paydays start kicking in with the 2021-22 season — and could be worth $196 million if he reaches the All-NBA level.

“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.

The Jazz did not immediately comment. Typically, teams cannot discuss contracts publicly until they are signed, and it was unclear when Mitchell will put pen to paper to complete the transaction.

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.

Sacramento’s De’Aaron Fox was the first player from the 2017 draft class to get the max extension this offseason, doing so on Friday night. Like Mitchell’s, his is for $163 million over five years starting in 2021-22, with the chance of escalating to the $196 million mark if he reaches the All-NBA level or meets other criteria.