Grizzlies Make Jaren Jackson Jr. Contract Announcement

The Memphis Grizzlies have officially announced the renegotiation and signing of forward/center Jaren Jackson Jr. to a multi-year contract extension. This comes two weeks after reports emerged that the former Defensive Player of the Year agreed to a five-year, $240 million deal. The team confirmed the extension but did not disclose the specific terms per its policy.

Jackson Jr. played a key role for the Grizzlies last season, appearing in 74 games. He averaged 22.2 points, 5.6 rebounds, 2 assists, a career-high 1.2 steals, and 1.5 blocks in 29.8 minutes per game, shooting 49% from the field and 38% from three-point range. His contributions were significant during the team's playoff push, despite an early postseason exit.

Over his five-year career with Memphis, Jackson Jr. has appeared in 407 games, averaging 18.5 points, 5.5 rebounds, 1 assist, 1 steal, and 1.9 blocks per game. He has started all 27 of his playoff appearances, averaging 15.7 points, 6.5 rebounds, 1.1 assists, and 1.9 blocks in postseason play.

Originally selected by the Grizzlies with the fourth overall pick in the 2018 NBA Draft after his freshman season at Michigan State, Jackson Jr. is now set to earn nearly $50 million annually. This extension signifies Memphis's commitment to building a competitive team in the Western Conference around him.