Monk, 24, was one of the rare bright spots for a disappointing Los Angeles Lakers team last season, averaging career highs in minutes (28.1), points (13.8), assists (2.9) and true shooting percentage (59.7%).
Selected 11th overall in the 2017 draft, Monk spent the first four seasons of his career in Charlotte but struggled to get consistent touches amid a crowded backcourt that included Terry Rozier, LaMelo Ball and Devonte' Graham.
On the Lakers, Monk was given more responsibility as the roster thinned due to injuries. He played the second-most total minutes of anyone on L.A.'s roster and was one of the few players who had a positive point differential when he was on the court.
After the All-Star break, Monk started 18 of L.A.'s last 24 games and scored 15.6 points per game while shooting 37.6% from 3 on more than six attempts.