Nuggets, Michael Malone agree on multiyear contract extension

Coach Michael Malone and the Nuggets have agreed on a multiyear contract extension, the team announced Wednesday afternoon.

Malone had one more year — the 2022-’23 season — on his deal, according to a source. Details of the contract were not provided by the team.

The news is further affirmation of the direction the Nuggets are headed. Without two of their top three stars for the majority of the season, the Nuggets have stayed afloat behind reigning MVP Nikola Jokic’s production and Malone’s steady guidance.

Following Tuesday’s win over the Clippers, the Nuggets were holding steady as the No. 6 seed in the Western Conference with nine games left in the regular season. Under Malone, the Nuggets have advanced out of the first round of the playoffs the past three seasons.

“This extension is well deserved for Coach Malone and one we are very excited to announce,” Nuggets Governor E. Stanley Kroenke said in a team news release. “You can easily point to the on-court success that Michael has brought and the improvements the team has made each year under his watch, and you can also point to the selfless, hard-working culture that has developed and grown during his tenure. We look forward to Coach Malone continuing on the sidelines as we all work toward our goal of bringing an NBA Championship to the city of Denver.”

Malone, who recently achieved his 300th win with the franchise, is currently in his seventh season in Denver and is the fifth-longest tenured coach in the NBA. The only coaches with longer active tenures are San Antonio’s Gregg Popovich, Miami’s Erik Spoelstra, Golden State’s Steve Kerr and Utah’s Quin Snyder.

With 309 wins, Malone ranks third in Nuggets history behind Doug Moe (432) and George Karl (423).

ESPN first reported the news.

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