Last Updated on December 29, 2024 by Mathew Diekhake
a Morant, the dynamic point guard for the Memphis Grizzlies, has had a notable contract history since entering the NBA:
Rookie Contract (2019-2023):
- Duration: 4 years
- Total Value: $39,619,840
- Average Annual Salary: $9,904,960
- Guaranteed Amount: $39,619,840
- Signing Date: July 1, 2019
- Contract Details: This was a standard rookie-scale contract following Morant being selected as the 2nd overall pick in the 2019 NBA Draft.
Contract Extension (2023-2028):
- Duration: 5 years
- Total Value: $197,230,450
- Average Annual Salary: $39,446,090
- Guaranteed Amount: $197,230,450
- Signing Date: July 6, 2022
- Contract Details: This designated rookie extension, often referred to as a “supermax” rookie extension, reflects Morant’s significant impact on the team and his rising stardom in the league.
Annual Salary Breakdown for Extension:
- 2023-2024: $34,005,250
- 2024-2025: $36,725,670
- 2025-2026: $39,446,090
- 2026-2027: $42,166,510
- 2027-2028: $44,886,930
These figures underscore the Grizzlies’ commitment to Morant as a cornerstone of their franchise.
It’s noteworthy that Morant’s contract includes specific clauses and incentives, which are standard in high-value NBA contracts. Additionally, any suspensions or violations of league policies can impact the financial terms, including salary forfeitures.