Memphis Grizzlies All-NBA guard Ja Morant has agreed to a five-year designated rookie extension that’ll likely be worth $231 million, his agent, Jim Tanner of Tandem/YouFirst Sports, told ESPN.
Morant, who made All-NBA Second Team, is guaranteed $193 million and will trigger supermax escalators to take the deal to $231 million upon again landing on one of the league’s three All-NBA teams.
The deal also includes a 15% trade kicker, Tanner said.
“Memphis is my home,” Morant wrote on Twitter.
At 22 years old, Morant has established himself as a bona fide superstar, averaging 27.4 points, 5.7 rebounds and 6.7 assists this past season.
“Over the past three seasons, Ja has truly emerged as an NBA superstar and must-see TV,” Tanner told ESPN. “From Rookie of the Year, to NBA All-Star starter, to All-NBA Second Team and Most Improved Player, we are incredibly proud of him for his dedication to improving his game and developing into a team leader. The Grizzlies are a perfect fit for Ja. The organization and the city have embraced him.
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