Michael Malone has agreed to a new contract with the Denver Nuggets, according to reports.

Malone has spent the last eight seasons with Denver, who – along with the help of talisman Nikola Jokic – he guided to the NBA championship last season.

And the two-time NBA All-Star coach is now being rewarded with a new deal.

The 52-year-old has agreed to a contract extension that will make him one of the league's highest-paid coaches.

Malone took over in Denver in 2015 following a stint in charge of the Sacramento Kings, where he took up his first head coaching role. 

He is the fourth-longest-serving coach in the NBA, and has coached the Nuggets for 647 games – trailing only Doug Moe and George Karl in that regard.

Despite losing to the Houston Rockets on Sunday, the Nuggets top the Western Conference with an 8-2 record.