Memphis Grizzlies Make Big Roster Move

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The Memphis Grizzlies had until 5:00 PM ET on Saturday to make a decision on Luke Kennard's $14.8M team option for next season. In a report from ESPN's Adrian Wojnarowski it was announced that Memphis had declined Kennard's option, but the two sides have mutual interest in reaching a new deal in free agency.
This is definitely something that can make sense for both sides, because while Kennard will likely not end up with $14.8M or more annually, he could receive a new deal that guarantees him more total money. As for the Grizzlies, a new deal with Kennard would lock up one of the league's best three-point shooters.
Kennard has shot an incredible 48.3% from deep since joining Memphis, and owns a the third-best career three-point percentage in NBA history at 43.9%. Also a very smart player, Kennard has optimized several lineups throughout his career, as his floor spacing and IQ allow him to significantly raise the ceiling of whatever lineup he is in.
While it was in limited minutes, Kennard was one of the Grizzlies' most impactful players after first arriving in 2023. His fit alongside Ja Morant and the top Grizzlies rotation players looked to be seamless, and Memphis could certainly benefit from re-signing him in order to get a longer look at that dynamic when healthy.
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Joey Linn is a credentialed writer covering the NBA and WNBA for On SI. Covering the LA Clippers independently in 2018, then for Fansided and 213Hoops from 2019-2021, Joey joined On SI to cover the Clippers after the 2020-21 season. Graduating from Biola University in 2022 with a Communication Studies degree, Joey served as Biola's play-by-play announcer for their basketball, baseball, softball, and soccer teams. Joey's work on Biola's broadcasts and in the classroom earned him the Outstanding Communication Studies Student of the year award in 2022. Joey covers the NBA full-time, primarily serving as a Clippers beat writer.