Monk was the runner-up for the 2024 Sixth Man of the Year Award after averaging a career-high 15.4 points per game in 72 contests.

Here are the per-year dollar amounts on his new deal.

  • 2024-25- $17.4 million
  • 2025-26- $18.8 million
  • 2026-27- $20.2 million
  • 2027-28- $21.6 million (player option)