Last Updated on January 3, 2025 by Mathew Diekhake
Damian Lillard, a prominent NBA point guard, has secured several significant contracts throughout his career, reflecting his exceptional talent and value in the league. Here’s a detailed overview of his contract history:
1. Rookie Contract (2012-2015):
- Team: Portland Trail Blazers
- Duration: 4 years
- Total Value: $13,845,166
- Average Annual Salary: $3,461,292
- Guaranteed Amount: $13,845,166
- Details: Lillard signed this contract after being selected 6th overall in the 2012 NBA Draft. His impressive performance during this period, including winning the NBA Rookie of the Year award, set the stage for future extensions.
2. First Major Extension (2015-2020):
- Team: Portland Trail Blazers
- Duration: 5 years
- Total Value: $139,888,445
- Average Annual Salary: $27,977,689
- Guaranteed Amount: $139,888,445
- Details: This designated rookie extension was a testament to Lillard’s rising stardom and his role as a franchise cornerstone for the Trail Blazers.
3. Supermax Extension (2019-2024):
- Team: Portland Trail Blazers
- Duration: 4 years
- Total Value: $176,265,152
- Average Annual Salary: Approximately $44 million
- Guaranteed Amount: Fully guaranteed
- Details: Signed in July 2019, this supermax extension underscored Lillard’s elite status in the NBA and his unwavering commitment to the Trail Blazers.
4. Latest Extension (2022-2027):
- Team: Portland Trail Blazers
- Duration: 2 years
- Total Value: $112,582,870
- Average Annual Salary: Approximately $56 million
- Guaranteed Amount: Fully guaranteed
- Details: In July 2022, Lillard secured another extension, ensuring his contract runs through the 2026-2027 season. This deal includes a player option for the 2026-2027 season.
Recent Developments: In September 2023, Lillard was traded to the Milwaukee Bucks after 11 seasons with the Portland Trail Blazers. Despite the team change, the terms of his existing contract remain in effect.