Memphis Grizzlies secure Jaren Jackson Jr. with $240 million extension and re-sign Santi Aldama

The Memphis Grizzlies have signed Jaren Jackson Jr. to a five-year, $240 million extension with a player option. They have also re-signed Santi Aldama to a three-year, $52.5 million deal. These moves mark the start of the free agency period and are crucial for the team's future success.

Jul 1, 2025 - 03:58
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Memphis Grizzlies secure Jaren Jackson Jr. with $240 million extension and re-sign Santi Aldama

The Memphis Grizzlies have secured Jaren Jackson Jr. with a five-year, $240 million extension. The deal includes a player option for the 2029-2030 season, with Jackson set to earn about $48 million annually.

Jackson, who has played his entire career with the Grizzlies, averaged 22.2 points and 5.6 rebounds per game last season, earning his second All-Star selection. The 25-year-old was entering the final year of his previous contract before this extension.

In addition to Jackson, the Grizzlies also re-signed Santi Aldama to a three-year, $52.5 million deal. Aldama, the 30th overall pick in the 2021 NBA Draft, had a strong rookie season with averages of 12.5 points and 6.4 rebounds per game.

These moves mark a significant step for the Grizzlies as they aim for long-term success. The team also agreed to a three-year, $28 million deal with Ty Jerome. Despite changes in coaching staff, the Grizzlies made the playoffs last season, showing promise for the future.

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