Desmond Bane is a rising young star in the NBA who plays for the Memphis Grizzlies. Born on June 25, 1998, he is quickly making a name for himself as one of the most efficient perimeter and 3-point shooters in the NBA.
Hailing from Richmond, Indiana, Bane played at Seton Catholic High School where he initially went under the radar as major recruiting services did not even consider to rate him. However, he got the call from Texas Christian University (TCU) where he played four seasons for their Horned Frogs basketball team.
At TCU, Bane emerged as a sharpshooter with a beautiful smooth looking jump shot. He shot 43.3% from deep in college and this led him to be drafted 30th overall in 2020.
Just in the rookie season, it was evident that Bane was successful in translating his elite shooting abilities from college to the NBA. He shot a remarkable 43.2% from beyond the arc, and was named NBA All-Rookie Second Team in 2021.
Bane is now an integral part of the Memphis Grizzlies' long-term future, forming a dynamic backcourt duo with Ja Morant. In the 2022/23 season, Bane averaged an impressive 21.5 points, 5 rebounds and 4.4 assists per game.
Desmond Bane Contract Breakdown
| Year | Base Salary | SigningBonus | Cap Hit | Dead Cap | Yearly Cash |
| 2023-24 | $3,845,083 | - | $3,845,083 | - | $3,845,083 |
| 2024-25 | $34,005,250 | - | $34,005,250 | - | $34,005,250 |
| 2025-26 | $36,725,670 | - | $36,725,670 | - | $36,725,670 |
| 2026-27 | $39,446,090 | - | $39,446,090 | - | $39,446,090 |
| 2027-28 | $42,166,510 | - | $42,166,510 | - | $42,166,510 |
| 2028-29 | $44,886,930 | - | $44,886,930 | - | $44,886,930 |
How much is Desmond Bane getting paid?
Desmond Bane is set to earn $3,845,083 for the 2023/24 season.
According to Sportrac, Bane agreed to a four-year rookie scale contract with the Memphis Grizzlies in November 2020 worth $9,944,923 part-guaranteed. The first two years of his contract were guaranteed and the last two-year were non-guaranteed years.
The 2023/24 NBA season was supposed to be the last year of the contract, and Bane would have been an unrestricted free agent in the 2024 off season. However, the Memphis Grizzlies demonstrated their confidence in Bane's potential and contributions to the team, and re-signed him in the 2023 off season.
Bane has signed a new five-year $197,230,450 contract extension with the Grizzlies. This new contract guarantees him $197.2 million over the span of next five years, till the 2028/29 NBA season.
How much does Desmond Bane make in a minute?
Desmond Bane’ salary for the 2023/24 season is $3,845,083. One year is known to have 525,600 minutes. If his total salary is divided by the number of minutes available in a year, then he makes around $7.31 in a minute.
Desmond Bane Career Earnings
In his outstanding three-year career, Desmond Bane has earned approx. $6 million, up until the end of 2022/23 season.
Although, if we consider the amount from his new blockbuster five-year max. contract, then Bane shall be earning $207 million by 2029.
What are the terms of Desmond Bane’s contract?
Bane's current rookie contract had two team options which the Memphis Grizzlies already exercised.
How much of the Desmond Bane Contract is guaranteed?
With the current deal, Bane will have earned a guaranteed salary of $9,944,923, with an average annual salary of $2,486,231.
His upcoming contract which takes effect in the summer of 2024, extends through 2029. This new five year contract with the Grizzlies will bring him $197,230,450 guaranteed on an average annual salary of $39,446,090.
Desmond Bane Contract History
These are all the contracts that Desmond Bane has signed in his career till now.
November 25, 2020
Desmond Bane signed a four-year $9.94 million rookie scale contract with the Memphis Grizzlies.
July 8, 2023
Bane signed a five-year $197.2 million contract extension with the Memphis Grizzlies.
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FAQs
A. Desmond Bane is 25 years old. He was born on June 25, 1998 in Richmond, Indiana, United States,.
A. Desmond Bane is set to earn $3,845,083 for the 2023/24 season.
A. Desmond Bane represents the Memphis Grizzlies in the NBA.
A. Desmond Bane’s new five-year contract is worth $197.2 million.
A. In the 2022/23 season, Desmond Bane averaged 21.5 points, 5.0 rebounds and 4.4 assists per game.
