In the 2022 offseason, Malik Monk signed a lucrative two-year, 19.4-million-dollar deal with the Sacramento Kings, proving to be a significant asset for the team. Currently, Monk is a strong contender for the Sixth Man of the Year award and is showcasing his skills as one of the top combo guards in the league.
As Monk approaches free agency this season, determining his market value becomes crucial. Given the challenges in valuing players with his skill set, it is essential to analyze what a reasonable contract might entail for him.
Three distinct methods have been proposed to quantify Monk's contributions and estimate his potential contract value for the upcoming season.
Method #1: A Revised Version of Seth Partnow’s Formula
By revising Seth Partnow's formula, Monk's projected performance suggests he should earn around 11 million dollars next season, approximately 7.8% of the salary cap.
Method #2: Cerebro Sports Global Search Tool
Utilizing the Cerebro Sports Global Search tool, Monk's statistical profile aligns with past players like O.J. Mayo and John Starks, indicating a salary range of 9.7 to 12.4 million dollars, based on the percentage of the salary cap.
Method #3: Looking At Recent Precedent
Comparing Monk's situation to players like Coby White and Caris LeVert from the 2023 Free Agency Class, a team-friendly contract for Monk would likely fall in the range of 10 to 13 million dollars next season.
Ultimately, the three valuation methods converge on a similar conclusion: Monk's next contract should be a two or three-year deal worth approximately 10 to 13 million dollars per season. This range reflects his current performance and potential for growth, ensuring a fair and competitive deal for both Monk and the Sacramento Kings.
