The Memphis Grizzlies have officially locked in one of their star players for the long term. Jaren Jackson Jr. has signed a renegotiated contract extension, keeping him with the team through the 2029-30 NBA season. The deal solidifies his role as a central piece of the Grizzlies’ future plans.
💰 A Landmark Deal
Jaren Jackson Jr.’s new contract is a five-year deal worth a total of $239.9 million. As part of the agreement, his salary for the upcoming season has been increased to $33 million. The four-year extension will begin in the 2026-27 season, with a starting salary of $46.2 million.
🧩 How the Deal Was Made
While the agreement was reached two weeks ago, the team needed to make some arrangements before it could be finalized. The Grizzlies officially completed the deal after reaching a buyout agreement with guard Cole Anthony, which created the necessary salary cap space to accommodate Jackson’s new contract.
🌟 A Cornerstone Player
This major investment highlights Jackson’s importance to the Grizzlies. Last season, he had a strong performance, averaging 22.2 points and 5.6 rebounds in 74 games. His contributions earned him his second All-Star selection, proving he is a key player for the team’s success.
