Morant’s extension will include Rose Rule language allowing him to earn a starting salary worth 30% of the 2023-24 cap instead of 25% if he makes an All-NBA team again next season.
Based on the NBA’s latest cap projection of $133M for the 2023-24 season, Morant’s deal would be worth $231.42M if he meets the Rose Rule criteria next season, or $192.85M if he doesn’t.
It’s the biggest contract in Grizzlies history, according to Chris Herrington of The Daily Memphian, topping the $153M deal Mike Conley signed in 2016.
Morant, who will turn 23 in August, has improved in each of his three NBA seasons, earning his first All-Star and All-NBA nods in 2021-22 and winning the league’s Most Improved Player award.
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