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Grizzlies Announce that Jaren Jackson Jr.’s Renegotiation and Extension Is Complete

SHELBY COUNTY, TENNESSEE, JUL 13 – The buyout clears cap space for Memphis to extend Jaren Jackson Jr. while Milwaukee adds a younger guard to support Giannis Antetokounmpo after waiving Damian Lillard.

  • The Memphis Grizzlies signed Jaren Jackson Jr. to a $239.9 million, five-year extension officially announced Sunday in Las Vegas.
  • The team reached this agreement two weeks ago after clearing cap space, shortly before agreeing to a buyout with guard Cole Anthony.
  • Jackson, recognized as the Defensive Player of the Year in 2023, underwent surgery earlier this month to address a turf toe injury he sustained during offseason basketball activities.
  • Last season, he posted an average of 22.2 points along with 5.6 rebounds across 74 games, and his contract extension will begin in the 2026-27 season with a starting salary of $46.2 million.
  • Memphis plans to continue building around Jackson and star point guard Ja Morant, expecting Jackson to fully recover and be re-evaluated at training camp.
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41 Articles

The Bakersfield CalifornianThe Bakersfield Californian
+16 Reposted by 16 other sources
Center

Grizzlies announce that Jaren Jackson Jr.'s renegotiation and extension is complete

LAS VEGAS (AP) — Jaren Jackson Jr.'s signing of a $239.9 million deal that keeps him under contract for the next five seasons with the Memphis Grizzlies finally became official Sunday, one day after the team reached a buyout agreement…

·Bakersfield, United States
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WREG News broke the news in Memphis, United States on Wednesday, January 22, 2025.
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