5:37 PM: Monk signs a $19 million two-year contract with the Kings, ESPN 1320’s Damian Barling reports (Twitter link†
16:07: “There is a lot of smoke” about Malik Monk sign with the kings as soon as the free agency opens at 5 p.m. CT, multiple sources tell James Ham of ESPN 1320 and The Kings Beat (Twitter link†
Jason Anderson of The Sacramento Bee hears the same and reports (via Twitter) that he is getting “strong evidence” from sources that Monk could reunite with former Kentucky teammate De’Aaron Fox† Monk and Fox were both lottery picks in 2017.
Bleacher Report’s Jake Fischer was the first to connect Monk to the Kings on a Spotify Live performance with Marc Stein late on Wednesday night.
Monk struggled to find a team last summer after the Hornets failed to make him a qualifying offer, but one of the best values in the league came with a one-year minimum wage contract with the Lakers† Monk had a career year last season, averaging 13.8 PPG, 3.4 RPG and 2.9 APG on .473/.391/.795 shooting in 76 games (37 starts, 28.1 MPG).
LA only has non-bird rights to Monk and will be limited to a contract starting at the taxpayer center exception, which is expected to reach $6.5 million next season.
The Kings could offer Monk the mid-level exception, which is expected to be worth around $10.5 million next season, a whopping four years. There’s also a possibility that Sacramento could open up some cap space to sign him outright, depending on the team making some trades and releasing some of their cap-holds.
Monk, 24, is reportedly looking for a role where he can get important minutes and “be himself”, as he recently told Jovan Buha of The Athletic.