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Five players, $1.1 billion: NBA free agency starts with a bang

Associated Press

The NBA generated more basketball-related income than ever this past season, the total number coming up just short of $9 billion.

Business is good. The first night of free agency underscored how good.

Nikola Jokic agreed to the biggest contract in NBA history, Bradley Beal agreed to a deal worth a quarter-billion dollars, and the money just kept flowing. Shortly after midnight Friday in the Eastern time zone, three more players — Karl-Anthony Towns, Devin Booker and Ja Morant — also agreed to huge-money extensions.

Towns and Booker agreed to four-year deals that will commence in 2024 and are worth at least $224 million, their agent, Jessica Holtz of CAA, said.