2 Winners, 1 loser from Grizzlies recent re-signing of Luke Kennard

Winner: Memphis Grizzlies

While Morant is certainly a primary beneficiary of Luke Kennard's return, the entire Memphis Grizzlies organization is clearly the primary winner of this new financial pact.

From an on-court standpoint, the veteran's presence is going to do wonders for the team this coming season. Throughout his tenure in Grind City, the two-guard has gone on to post impressive per-game averages of 11.1 points, 3.0 rebounds, and 3.0 assists while cashing in on 48.3 percent of his attempts from beyond the arc.

Last season, Memphis was severely hindered by injuries, as the majority of their key players succumbed to health-related ailments at some point during the campaign.

Kennard was one of these individuals, as he was held to just 39 games played. His absence proved to be detrimental to the team's long-range game, as they finished with the second-worst three-point shooting percentage in the entire league (34.6).

Getting him back on the floor is only bound to help improve this vital aspect of the game for the Grizzlies.

Of course, his new contract agreement doesn't just help coach Taylor Jenkins' offensive scheme but, also, the franchise's entire payroll, as they were slated to be well past the league's taxpayer threshold of $165,294,000 and would have been pressed right up against the dreaded first tax apron had they opted into his original $14.7 million option for the coming season.

Now, with his new $11 million pay-day, the Grizzlies still find themselves slightly above the tax line by about $1 million, but, as Keith Smith of Spotrac acknowledged in a recent analysis, ducking below the threshold is "easy enough to work around with a smaller move."

Considering the teams have until the trade deadline to dip under the tax rather than the start of the season, Zach Kleiman and company still have plenty of time to figure out a simplistic way to reach their desired financial requirements.