Damian Lillard's Contract

Last Modified Dec 17, 2024 18:52 GMT
Damian Lillard's Contract
Damian Lillard at the Boston Celtics v Portland Trail Blazers game

The renowned football point guard Damian "Dame Time" Lillard joined the Milwaukee Bucks in 2023. As per the NBA's official website, the Portland Trail Blazers, Bucks, and Phoenix Suns were the three teams that were involved in the deal. The Blazers selected Lillard with the sixth overall pick in the first round of the 2012 NBA Draft. He was chosen for the third team of the All-American team in 2012 while playing college basketball for the Weber State Wildcats.

Lillard is the Blazer's all-time top scorer. As of 2024, he has been for the NBA All-Star team eight times and has been named to seven All-NBA Teams. He participated in the Summer Olympics for the United States in 2021 and took home a gold medal and was selected for the NBA's 75th Anniversary Team that same year. Throughout his 12 NBA seasons, he has started 842 games and averaged 25.1 points, 6.7 assists, and 4.2 rebounds, as of the 2023-24 NBA season.

Damian Lillard's Contract Breakdown

According to Spotrac, In 2021, Damian Lillard agreed to a four-year, $176.2 million designated veteran extension contract with the Portland Trail Blazers. This includes a $176.2 million guarantee and an average salary of $44 million per year.

Further, as per Spotrac, there is a 2025-26 maximum veteran extension for Lillard for two years, worth $112.5 million, with an average salary of $56.29 million. The contract is fully guaranteed, which was originally signed with the Portland Trail Blazers, and will be honored by the Milwaukee Bucks.

According to Spotrac, Lillard's contract breakdown is as follows:

Contract TermsAvg SalaryGTD at SignTotal GTDSigned Using
4 yr(s) / $176,265,152$44,066,288$176,265,152$176,265,152Bird Rights
YearAgeStatusCap HitAnnual Cap %League CapApron SalaryLuxury TaxTax %League TaxCashAnnual CashGuaranteed CashCumulative Cash
2021-2231-$39,344,90035.00%$39,344,900$39,344,90028.80%$39,344,900$39,344,900$39,344,900$39,344,900$39,344,900$39,344,900
2022-2332-$42,492,49234.36%$42,492,492$42,492,49228.28%$42,492,492$42,492,492$42,492,492$42,492,492$42,492,492$81,837,392
2023-2433-$45,640,08433.55%$45,640,084$45,640,08427.61%$45,640,084$45,640,084$45,640,084$45,640,084$45,640,084$127,477,476
2024-2534-$48,787,67634.70%$48,787,676$48,787,67628.56%$48,787,676$48,787,676$48,787,676$48,787,676$48,787,676$176,265,152

How much is Damian Lillard getting paid?

Spotrac estimates that Damian Lillard's 2024 player option will bring in $48.78 million. This sum accounts for 34.70% of the league's annual cap and makes a substantial contribution to the team's 28.56% luxury tax calculation.

How much does Damian Lillard make in a minute?

Given his total salary of $48.78 million and the 525,600 minutes in a year, Damian Lillard makes $92.8 per minute in the 2024 season.

Damian Lillard's Career Earnings

Damian Lillard's total career earnings are $328.2 million as of December 2024, as per Spotrac.

What are the terms of Damian Lillard's Contract?

As per the terms of Damian Lillard's designated veteran extension contract (2021-2024), which allows him to earn up to 35% of the salary cap under the NBA's rules for veteran players. Also, the contract's total value was lowered as a result of the league's salary cap being lowered, although the extension was originally stated to be four years and $196 million.

In the 2024 season, he had a player option, meaning he could choose to either remain under the contract terms or become a free agent. A similar player option is available for his maximum veteran extension too for the 2026–27 season. According to Spotrac, the deadline to opt-in to the player option is June 29, 2026.

How much of Damian Lillard's Contract is guaranteed?

According to Spotrac, Damian Lillard's designated veteran extension with the Blazers for 2021-2024, worth $176.2 million, is fully guaranteed.

Damian Lillard's Contract History

Damian Lillard began playing for the Milwaukee Bucks in the 2023 season, before which he played with the Portland Trail Blazers for 11 seasons.

Portland Trail Blazers (2012-2023)

Damian Lillard signed a rookie four-year contract with the Portland Trail Blazers in 2012, worth $13.84 million, with a guaranteed signing amount of $6.2 million and an average annual salary of $3.4 million. According to Spotrac, the contract was signed using the rookie-scale exception and was fully guaranteed.

As per Spotrac, in 2016, he signed a designated rookie extension for five years, worth $139.8 million for an average annual salary of $27.97 million. This contract was also fully guaranteed.

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FAQs on Damian Lillard

A. Damian Lillard has played for the Milwaukee Bucks since the 2023 season, after being traded by the Portland Trail Blazers.

A. Damian Lillard was drafted by the Portland Trail Blazers in the 2012 NBA Draft, as the sixth pick in the first round.

A. Damian Lillard stands 6 feet 2 inches, or 188 cm, tall.

A. Yes, Damian Lillard won a gold medal at the 2020 Tokyo Olympics, representing Team USA.

A. Damian Lillard is from Oakland, California, in the United States.

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