Luke Kennard Contract

Last Modified Mar 6, 2024 11:41 GMT


Luke Kennard Contract
Luke Kennard. Image Credits:- Getty Images


Luke Kennard is an American Professional basketball player for the NBA team Memphis Grizzlies. He is from Franklin, Ohio, United States of America. Kennard plays the position of a shooting guard but has the ability to play the role of a small forward.

After his sophomore year at Duke University, Kennard declared for the NBA draft in 2017, forgoing two years of college eligibility. He was selected as the 12th overall pick in the first round of the 2017 NBA draft by the Detroit Pistons. Kennard was traded to the Los Angeles Clippers in 2020.

He positively contributed to the team for three years before being traded to the Memphis Grizzlies in 2023. He has had some noteworthy performances with the Grizzlies, one of which is Kenard’s 30-point game in a win against the Houston Rockets. He has also set the Grizzlies franchise record for most number of 3-pointers made in a game with 10 made 3-pointers.

Kennard’s endeavors into basketball started from his high school days in Franklin High School. With his aptitude for the game, Kennard earned multiple accolades during high school, the most prestigious of them being named Ohio Gatorade Basketball Player of the Year and Parade National Player of the Year. His performance eventually led him to commit to playing collegiate basketball at Duke University.

At Duke, Kennard played for just two years from 2015 to 2017. During this time period he averaged 15.7 points, 4.3 rebounds and 2.0 assists after playing 73 games. His college career too, was decked with multiple accolades and nominations such as being a consensus second-team All-American, being one of the finalists for the Jerry West Shooting Guard of the Year award and being named the MVP of the ACC tournament in his sophomore season with Duke University.


Luke Kennard Contract Breakdown


YearBase SalarySigning BonusCap HitDead CapYearly Cash
2021-22
$12,727,273

-

$13,347,727

-

$13,347,727
2022-23
$13,745,455

$13,745,455

$4,660,815
2023-24$14,763,636 $14,763,636 $14,763,636
2023-24$14,763,636 $14,763,636 $14,763,636


How much is Luke Kennard getting paid?

Luke Kennard is getting $14,763,636 for the 2023-24 NBA season.


Currently, Kennard is on a four-year contract with the LA Clippers worth $56,000,000. This deal ensures an average annual salary of $14,000,000 until the 2024-25 NBA season. The 2023-24 NBA season is the third season of this contract. At the end of the 2023-24 season, Kennard can remain with the club for one year on a club option.


How much does Luke Kenard make in a minute?

Luke Kennard’s salary for the 2023-24 season is $14,763,636. One year consists of 525,600 minutes. If Kennard’s total salary for the 2023-24 season is to be divided by the number of minutes that constitute a year, then Kennard will earn around $28.08 in a minute. To put this into perspective, the minimum wage in Memphis is $7.25 per hour of work.


Luke Kennard Career Earnings

Over the course of his career so far, Kennard has earned a total of $56,753,167 including his earnings from the 2023-24 NBA season. However, if Kennard completes his 4-year contract with the Clippers, he will have earned $71,516,803 over 8 seasons after the 2024-25 NBA season.


What are the terms of Luke Kennard’s Contract?

Luke Kennard signed a four-year contract worth $56 million with the Los Angeles Clippers. Kennard’s contract has been structured in such a way that he has a club option in the 2024-25 season for which the deadline is June 29, 2024. Kennard’s contract has many performance-based clauses. These have been categorized as Likely to be Earned (LTBE) and Unlikely to be Earned (ULTBE) clauses. These clauses in Kennard’s contract are as follows:

  • 2021-22 - LTBE $620,454, ULTBE $1,288,637

  • 2022-23 - LTBE $670,090, ULTBE $1,391,727

  • 2023-24 - LTBE $0, ULTBE $2,014,546

  • 2024-25 - LTBE $0, ULTBE $2,014,546

In total, Kennard’s contract consists of around $8 million in bonuses.


How much of Luke Kennard's contract is guaranteed?

Luke Kennard’s contract is a four-year deal worth approximately $56 million. Of his contract, $41,236,364 is guaranteed with an opportunity for Kennard to earn around $8 million in bonuses and performance based incentives additionally.


Luke Kennard Contract History

During his career in the NBA, Luke Kennard has signed up to 2 contracts. The history of Kennard’s contracts in the NBA are as follows:


July 2017

Kennard signed a rookie-scale contract with the Detroit Pistons.


October 2020

Kennard signed a contract extension with the Pistons which got transferred to the LA Clippers via a trade. At this point Kennard’s contract extension of up to 4 years until the 2024-25 NBA season fell under the name of the LA Clippers.

FAQ's on Luke Kennard Contract

A. Luke Kennard will earn $14,763,636 for the 2023-2024 NBA season. However, he stands to earn $2,014,546 through performance based incentives. 

A. Luke Kennard signed a four-year contract worth $56 million with the LA Clippers. 

A. In the 2023-24 NBA season, Luke Kennard has played in just 29 games averaging 24.7 minutes, 10.7 points, 2.9 rebounds, 2.9 assists and 0.5 steals per game.

A. As of March 2024, Luke Kennard is 27 years old. He was born on June 24, 1996.

A. Luke Kennard plays the position of a shooting guard for the Memphis Grizzlies. He is shooting 44.5% from the field and is almost 45% from beyond the arc, as of March 2024.

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