Sacramento Kings guard Keon Ellis has agreed to a new contract that guarantees him $18 million, according to Shams Charania of The Athletic. The deal provides the rising guard with significant financial security while maintaining future flexibility for both the player and the organization.
The agreement was negotiated by agents Mark Bartelstein and Torrian Jones of Priority Sports. According to the report, the contract features a unique structure involving a full mutual option. This mechanism ensures that the $18 million is fully guaranteed for Ellis, while simultaneously allowing both parties to engage in conversations regarding a new deal as early as next summer.
A notable detail of the arrangement is the "opt-in" nature of the agreement. Unlike standard player or team options that typically focus on an "opt-out" clause, this deal specifies that either party can choose to opt-in to the existing terms. This setup allows Ellis and the Kings to evaluate their position after the upcoming season while the $18 million remains locked in as a baseline guarantee for the athlete.
Ellis has become a vital part of the Sacramento Kings rotation, and this contract reflects his growing value to the franchise. By structuring the deal with a mutual option, the Kings maintain a level of cap flexibility while rewarding a key contributor to their backcourt depth.
This is a developing story. Check back for updates.
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