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.
41 Articles
41 Articles
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 with guard Cole Anthony to facilitate the move. Jackson is now under contract through 2029-30, after renegotiating the final year of his current deal and getting a raise to $33 million for the coming season. The ex…

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…
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