Current Contract
Miami Heat
Contract Start
July 2021
Contract End
June 2026
Duration
5 years
Contract Type
Standard
Total Guaranteed
$90m
2025 Salary
$20.5m
2021/25 Contract Extension (Portland) - Traded To Miami
6 August 2021 - Norman Powell signed 5-year (2021/25) contract extension with Portland worth $90 million (Fully guaranteed). He was traded to Miami Heat in July 2025 where he will see of the last year of his contract with average annual salary of $18 million/year.
Contract Details
| Signed | Avg/Salary | Total | Team | Source |
|---|---|---|---|---|
| 2021 | $18m | $90m | Miami Heat | Adrian Wojnarowski (X) |
Contract Breakdown (5 Years)
Season
Team
Age
Salary
2021-22
27
$15,517,241
2022-23
28
$16,758,621
2023-24
29
$18,000,000
2024-25
30
$19,241,379
2025-26
31
$20,482,759
| Season | Team | Age | Base Salary | Option | Remaining |
|---|---|---|---|---|---|
| 2021-22 |
|
27 | $15,517,241 | $74,482,759 | |
| 2022-23 |
|
28 | $16,758,621 | $57,724,138 | |
| 2023-24 |
|
29 | $18,000,000 | $39,724,138 | |
| 2024-25 |
|
30 | $19,241,379 | $20,482,759 | |
| 2025-26 |
|
31 | $20,482,759 | $0 |
