Murphy, 24, averaged 14.8 points and 4.9 rebounds per game primarily in a reserve role last season.
The 6-foot-8 Murphy has established himself as an outstanding 3-and-D wing. He is a 39.2% career 3-point shooter, including 38.0% on 7.8 attempts per game last season. According to ESPN Research, Murphy and teammate CJ McCollum are the only players in franchise history to make at least 150 3s in multiple seasons.