Would have been surprising to me too.
But if you were desperate enough for a dman (which Utah clearly was) then maybe you thought overpaying on term a bit was a worthwhile risk.
It's risky but something like $2.5M x 4 for Kylington also has the potential to be a steal.
In the end it does seem the player wanted more stability, his agent thought a 4 year deal would be there, and the agent and player made a bad bet.
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