The deal includes $56 million in guaranteed money, with a majority of the additional $8 million in incentives considered reachable, the agents said.
Kennard's representatives with CAA Sports, Mintz, Spahn and Steven Heumann, finished negotiations with the Clippers on Monday afternoon, ahead of the 6 p.m. ET deadline for class of 2017 rookie extensions.
Kennard arrived to the Clippers in a draft-night trade with the Detroit Pistons, where he had his best pro season a year ago. Kennard, who averaged 15.8 points on 40% 3-point shooting in 2019-2020, was a player the Clippers had targeted to upgrade their lineup on the wing.
Kennard, 24, was the No. 12 pick in 2017 out of Duke.