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Cam Spencer, Grizzlies Agree to Restructured Free Agency Deal

SHELBY COUNTY, TENNESSEE, JUL 14 – The Grizzlies extended guard Cam Spencer's contract to four years for $10.5 million after freeing up cap space from recent roster moves, team officials said.

  • On July 14, 2025, the Memphis Grizzlies announced they signed Cam Spencer to a four-year, $10.5 million deal, with three fully guaranteed seasons.
  • Following the Desmond Bane trade, the Grizzlies made internal moves after the trade, restructured Spencer's initial two-year, $4.5 million deal last month, and had more cap space, enabling a longer contract.
  • During back-to-back appearances, Cam Spencer scored 17 points and four assists on July 12 against the Portland Trail Blazers, with a deal including three fully guaranteed seasons.
  • The team praised Spencer's shooting and tenacity, with the announcement coming hours after Jaren Jackson Jr.'s extension, highlighting immediate positive team response.
  • With this structure, the four-year deal includes a team option in the fourth year, providing the Grizzlies with future contract flexibility, Spencer emerged as a summer league standout, Michael Scotto, HoopsHype reported.
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Hoops Hype broke the news in on Monday, July 14, 2025.
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