Denver Nuggets head coach Michael Malone has reportedly secured a contract extension, that will make him one of the NBA’s highest-paid coaches. This news comes after Malone’s outstanding achievement of leading the Nuggets to their first-ever NBA championship in 2023. Malone, who has been in charge for eight seasons, has played an important role in transforming the franchise from a lottery team to a championship contender.
Under Malone’s guidance, the Nuggets have shown outstanding growth, as seen by their incredible 16-4 run which stands as the most dominant performance since the Golden State Warriors in 2017. His tenure has led the Nuggets to their most recent championship victory.
ESPN story on Denver coach Michael Malone agreeing on a lucrative contract extension https://t.co/WQd7oItHTL
— Adrian Wojnarowski (@wojespn) November 13, 2023
The Nuggets, with a strong roster led by two-time MVP Nikola Jokic, seem set to continue their success in the coming seasons. Malone’s coaching skills and the team’s depth have positioned Denver as a serious contender in the Western Conference.
What will Michael Malone’s salary be in the new contract extension?
Details about the financial terms of Michael Malone’s contract extension with the Denver Nuggets have not been publicly disclosed. But, it’s anticipated that the deal will significantly increase his salary, reflecting his status as one of the league’s top coaches.
AFTER 47 YEARS THE DENVER NUGGETS HAVE WON THEIR FIRST NBA TITLE!!!!! pic.twitter.com/LU4S3RFkGf
— SB Nation (@SBNation) June 13, 2023
Previously Malone’s contract extension in 2022, his third with the Nuggets reportedly offered him an annual salary of around $3 million. Considering his recent success in leading the team to its first NBA title, it’s possible that his new contract would offer a major raise.
Michael Malone’s net worth in 2023
As of 2023, the net worth of Michael Malone is estimated to be around $8 million. Malone, a famous figure in the NBA, has made a successful coaching career with the Denver Nuggets. His recent win in the 2023 NBA championship and previous accolades including coaching in the annual All-Star Game, have improved his financial standing.
Malone’s journey in basketball started in high school years, leading to a college career at Loyola University Maryland. Even though his playing statistics were okay, his transition into coaching has been marked by considerable success.
His tenure with the Nuggets has been particularly noteworthy, leading the team to a historic championship and establishing himself as a prominent figure in the coaching world. This combination of professional achievements and financial rewards from his coaching career contributes to Malone’s substantial net worth, making him one of the NBA’s leading coaches.