Nerlens Noel Inks Lucrative Deal with New York Knicks

Three-Year, $27.7 Million Contract Boasts $9.2 Million Average Annual Salary

New York, September 12, 2023

In a major roster move, the New York Knicks have signed center Nerlens Noel to a three-year contract worth a hefty $27.72 million. This deal guarantees Noel a staggering $27.72 million, with an impressive average annual salary of $9.24 million.

Noel, a 6'11" defensive stalwart, was previously on the roster of the Sacramento Kings. However, he was recently waived by the team on July 21, paving the way for his highly anticipated move to the Knicks.

The contract breakdown reveals the following key details:

• Player Option: This gives Noel the flexibility to opt out of the contract after the first or second year.
• Team Option: The Knicks hold the option to extend Noel's contract for an additional season after the current three-year deal expires.
• Qualifying Offer: Noel will be eligible for a qualifying offer from the Knicks upon the expiration of his contract.
• Two-Way Contract: This aspect of the contract is not applicable to Noel, as he has already established himself as an NBA veteran.

Noel's career earnings now total an impressive sum, showcasing his value in the league. This latest contract significantly boosts his net worth, solidifying his status as one of the most well-compensated players in the NBA.

The Knicks' acquisition of Noel is expected to bolster their defensive capabilities and provide much-needed depth to their frontcourt rotation. The team is optimistic that Noel's presence will contribute to their success in the upcoming season and beyond.

For more information on Nerlens Noel's contract, career earnings, and net worth, visit our comprehensive sports salary database. Stay tuned for further updates on this exciting development in the NBA.