The Memphis Grizzlies and All-Star forward Jaren Jackson Jr. are preparing to finalize a landmark five-year, $240 million contract extension. The deal, which would secure Jackson’s future with the team through the 37th season, is seen as a major statement of intent from the Grizzlies as they look to build a sustained competitive presence in the Western Conference.
According to multiple sources, the negotiation process has progressed smoothly, with both sides reaching agreement on the terms of the extension. The $240 million figure represents the maximum available under the current Collective Bargaining Agreement, and the deal is expected to be announced in the coming weeks. This move underscores the Grizzlies’ commitment to developing and retaining their core players as they continue their rebuild.
Jackson, who has become one of the league’s premier young forwards, has been a key component of the Grizzlies’ recent success. With his contract now secured, the team can focus on acquiring additional talent and improving their roster to make a deeper playoff run in the coming years. The extension also provides Jackson with long-term security, allowing him to fully commit to his growth and development within the franchise.
While the financial details of the deal have not been disclosed publicly, insiders suggest that the Grizzlies have made significant investments in their young core. The extension of Jackson’s contract is likely to be a pivotal moment in the franchise’s history, marking a transition from rebuilding to contention as they aim to make a serious playoff push in the near future.