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Jerami Grant Confirms Blazers Offered Four-Year Extension

January 31st 2023 at 10:01am CST by Luke Adams

Trail Blazers forward Jerami Grant confirmed on Monday that the team has offered him a four-year, $112MM+ contract extension, according to Jason Quick of The Athletic (Twitter link). Grant said he’ll likely wait until sometime in the spring to make a decision on the offer.

“I’m kind of focused on the season at hand right now,” Grant said (Twitter link). “Probably will wait until after the season and talk to (general manager) Joe (Cronin). Everything is good. I like it here. Really enjoying it. So, yeah … we will discuss it when it’s time.”

Jake Fischer of Yahoo Sports first reported last week that the Blazers had offered Grant an extension.

During the season, the Blazers can offer Grant up to approximately $112.65MM over four years. That’s a 20% raise on this season’s $20.96MM salary for year one of the extension, then 8% annual raises after that. If he becomes an unrestricted free agent, the 28-year-old would be eligible for a deal worth up to a projected $233MM+ over five years from Portland.

Grant is unlikely to receive a maximum-salary offer from the Blazers or another team, but if he believes he can exceed the $28MM-per-year proposal currently on the table, it would make sense for him to opt for free agency instead. He’ll have until June 30 to decide whether to accept Portland’s current offer, so there’s no rush to get anything done during the season.

A year ago, a handful of free-agents-to-be, including Ivica Zubac, Gary Harris, and Thaddeus Young, agreed to extensions during the final week before July 1, so it’s not unprecedented for extension candidates to take their decisions down to the wire. Of course, none of those players’ deals were nearly as lucrative as the offer on the table for Grant, and none of them were expected to have the sort of market value that Grant will.

In his first season in Portland after being acquired in an offseason trade with the Pistons, Grant is averaging 21.3 points, 4.3 rebounds, and 2.4 assists per game on .488/.422/.797 shooting through 48 contests (35.8 MPG). He has also provided the Blazers with a big, versatile defender on the wing. While he may be leaning toward staying in Portland, the ninth-year forward would certainly draw interest from rival suitors if he reaches the open market.

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