Memphis Grizzlies to Extend Jaren Jackson Jr. with $240M Deal

The Memphis Grizzlies and All-Star Jaren Jackson Jr. are set to sign a five-year, $240 million contract extension, with a player option in the final year of the deal in 2029-30, sources confirmed to ESPN.

The new deal extends Jackson's current contract by four years, securing his future with the Grizzlies. Negotiations for the extension were led by Austin Brown and Max Saidman from CAA Basketball, ensuring a long-term commitment from the three-time All-Defensive Team member.

Jackson, a key player for the Grizzlies, had an outstanding season last year, making history as the only player to achieve 1,500 points and 100 blocks. His versatility on the court, ability to defend multiple positions, and offensive skills have made him a vital asset for Memphis.

With impressive stats including 22.2 points, 5.6 rebounds, and 1.5 blocks per game, Jackson has continuously improved his game since being drafted as the No. 4 pick in 2018. His contributions have been instrumental in the team's success, making him a cornerstone of the franchise.

The Grizzlies are expected to finalize the contract extension once they clear the necessary salary cap space. Recent moves, including trading Desmond Bane for Kentavious Caldwell-Pope and Cole Anthony, are part of the team's strategy to create room for the extension.

With Jackson and Ja Morant now locked in until 2027-28, the Grizzlies are building a strong foundation for the future. Morant is also eligible for an extension this summer, further solidifying the team's core roster.

In addition to Jackson's extension, the Grizzlies have also agreed to deals with Santi Aldama and Cam Spencer, signaling a commitment to strengthening the team for the upcoming seasons.

According to the source: ESPN.