Grizzlies Finalize $240M Extension with Jaren Jackson Jr.

The Memphis Grizzlies are set to secure All-Star forward Jaren Jackson Jr. with a landmark five-year, $240 million contract extension that includes a player option for the 2029-30 season. Jackson, who was the NBA Defensive Player of the Year in 2023 and a two-time All-Star, has been a key defensive force for the Grizzlies, known for his ability to guard multiple positions and his consistent production of points, rebounds, blocks, and steals. Last season, he averaged 22.2 points, 5.6 rebounds, 1.5 blocks, and 1.2 steals per game, cementing his role as a cornerstone of Memphis' long-term plans. This extension comes amid other roster moves, including the trade of Desmond Bane to the Orlando Magic and new deals for Santi Aldama and Cam Spencer, as the Grizzlies look to maintain competitiveness following an 8th-place finish in the Western Conference. Drafted fourth overall in 2018 from Michigan State, Jackson has developed into one of the NBA's premier power forwards and defensive players, making the sizable investment a strategic priority for Memphis. The deal solidifies Jackson's place in Memphis for the foreseeable future and underscores the team's commitment to building around his talents.