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Grizzlies working on new deal with Luke Kennard after declining option

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Adrian Wojnarowski: ESPN Sources: The Memphis Grizzlies are declining guard Luke Kennard’s $14.8M option, but both sides are eager to pursue a restructured deal. Kennard’s a career 44 percent 3-point shooter and key floor spacer for Western contender. pic.twitter.com/CYIA7JYFBj
Source: Twitter @wojespn

What’s the buzz on Twitter?

Damichael Cole @DamichaelC
I do know that the Grizzlies value Luke Kennard and what he brings. The number is a hefty one for a guy playing behind Ja, Des and Smart. I wouldn’t say the door is closed, but there’s definitely going to be a market for Luke Kennard tomorrow when FA opens if he tests it. – 5:35 PM
Chris Herrington @ChrisHerrington
Grizzlies decline Luke Kennard’s option, keep door open for return dailymemphian.com/section/sports…5:34 PM
Chris Herrington @ChrisHerrington
With the Luke Kennard option decision today and free agency coming tomorrow, the rest of the Grizzlies offseason starts now.
A look at the current landscape and what could come next.
dailymemphian.com/subscriber/sec…9:24 AM
Law Murray @LawMurrayTheNU
Memphis Grizzlies getting Jaylen Wells — he’s the second shooting guard off of my LAC draft board
Worth noting that Luke Kennard has a team option for next season and Jordan Goodwin is a free agent after being on a 2-way – 4:59 PM

More on this storyline

For this mock draft exercise, assuming Memphis doesn’t trade the pick in an attempt to move up for Clingan, the Grizzlies land Dalton Knecht, a sharpshooter who could replace Luke Kennard, who has a $14.76 million team option and is available on the trade market, league sources told HoopsHype -via HoopsHype / June 24, 2024
The Grizzlies, sources said, have no interest in parting with Marcus Smart. Memphis has received strong interest from rival teams about Luke Kennard, sources said, in advance of the Grizzlies’ decision on his $14.7 million team option for 2024-25. -via Yahoo! Sports / June 21, 2024
The Memphis Grizzlies fell two spots in the lottery and are currently over the luxury tax for next season, including the No. 9 pick’s salary and Luke Kennard, who has a $14.7 million team option. Memphis wants to add at least one big man to its rotation this offseason. -via HoopsHype / May 13, 2024

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