LeVert, who turned 25 on Sunday, was eligible for his rookie extension as a member of the NBA’s draft class of 2016. His new deal will begin with the 2020-21 season.
The deal gives LeVert security and a chance to return to free agency — or negotiate a new extension — before his 28th birthday. For the Nets, they have their core of top players — including LeVert, Kevin Durant, Kyrie Irving, DeAndre Jordan and Spencer Dinwiddie — signed through the 2021-22 season.
Despite missing 42 games with a dislocated right ankle last season, LeVert showed All-Star potential for the Nets in the franchise’s run to the playoffs. His talent and development in three NBA seasons with the Nets played a prominent role in attracting free agents Irving and Durant to the Nets this summer.
Before the ankle injury, LeVert had averaged 18.4 points for the Nets in the early season — and later returned to top form in the playoffs, averaging 21 points in the five-game series with Philadelphia. For the season, LeVert averaged 13.7 points, 3.9 rebounds and 3.8 assists.
LeVert was Sean Marks’ first draft pick as the Nets’ general manager, 20th overall out of Michigan in 2016. The Nets traded forward Thaddeus Young to get the pick and selected LeVert, who had dropped on draft boards because he had two consecutive college seasons ended by foot injuries.