Grizzlies Set to Sign Jaren Jackson Jr. to a Massive $240M Extension: What It Means for the Team

The Memphis Grizzlies and their All-Star, Jaren Jackson Jr., are on the verge of finalizing a significant contract. According to ESPN, they expect to agree on a five-year deal worth $240 million, which includes a player option for the final year in 2029-30. This new agreement extends Jackson’s current deal, originally set to end in the 2025-26 season, by four years.

Jackson’s new contract is crucial for the Grizzlies. At just 25 years old, he has established himself as one of the top big men in the NBA. Last season, he was the only player to score over 1,500 points while also recording 100 blocks. He’s not just a scorer; he’s a defensive powerhouse and a key leader for the team. Remarkably, Jackson achieved a record streak of four consecutive seasons with at least 100 three-pointers and 100 blocks. This makes him the first player in NBA history to do so.

His recent stats are impressive: he averaged 22.2 points, 5.6 rebounds, 2 assists, 1.5 blocks, and 1.2 steals over 74 games last season. Since being picked fourth in the 2018 NBA draft, Jackson has continually improved his game. In the 2024-25 season, he even led the league in floaters made, with a total of 155.

All of this development took place while Jackson has played all seven of his NBA seasons with the Grizzlies.

In terms of future moves, Memphis will execute this contract during the upcoming transaction window. They plan to create the necessary salary space without relying on trades by using various financial strategies. Recently, they started this process by trading Desmond Bane for Kentavious Caldwell-Pope, adding flexibility for the future.

With Jackson and fellow star Ja Morant both under contract until at least 2027-28, the Grizzlies are positioning themselves for long-term success. Morant may also be looking at an extension this summer.

This kind of financial commitment to young talent showcases a trend in the NBA. Teams are increasingly investing in promising players to build a strong foundation. According to a recent report by ESPN, teams have been spending more on early-career extensions, reflecting confidence in their young stars.

For fans and analysts alike, this move is not just about securing a player; it’s a step toward ensuring the team’s growth and competitiveness in upcoming seasons. As the Grizzlies look to the future, Jackson’s extension could be a game-changer for their championship aspirations.



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