Durant will be paid $30.5 million this coming season, about $5 million less than he could have commanded if the deal was structured differently.
The Houston Rockets re-signed Chris Paul to a max-contract which is a four-year deal worth $160 million.
Houston Rockets star and recently named Most Valuable Player (MVP) James Harden's jersey ranked sixth. Doing so will cost Durant almost $6 million for the 2018-19 season after already leaving money on the table in his contract with the Warriors from last summer.More news: Forsberg delivers lone goal against Swiss as Sweden advances at World Cup
Kerr, 52, just finished the fourth year of a five-year, $25 million contract he signed when he joined the Warriors in 2014. However, this is setting him up for a huge contract in the following summer if he chooses to opt out again. He has a player option for the second season worth $31.5 million. That would leave Durant with a player option for 2019-20, meaning he could jump back into free agency next summer.
Durant first visited Manila in 2011 to participate in exhibition games against a PBA selection and Gilas Pilipinas.
The deal reportedly is worth $148 million and does not include a player option for the fifth year, as many similar deals do. However, he said all along that he had no intention of signing elsewhere.
Stephenson averaged 9.2 points last season.More news: Kevin Spacey facing 3 new sexual assault allegations in London
It's a little unusual that Durant would want a short-term deal, though. In 25 games played last season with both Minnesota and Cleveland, Derrick Rose averaged 8.1 PPG, 1.4 RPG, and 1.5 APG.
Understanding fully that the Rockets did not have true, usable cap space this summer, I still wonder why there wasn't a stronger push for Paul to take less money or fewer years. This year, an even stronger push is being made for Jamal Crawford.
Terms were not available, but the Grizzlies are limited to smaller moves unless they can unload Chandler Parsons, who has $49 million owed to him over the next two seasons. Maybe ownership can talk him into taking another pay cut now that Kerr's salary will go up after the 2018-19 season.More news: India will experiment: Kohli