The Grizzlies are expected to renegotiate and extend Jaren Jackson **Jr.**‘s contract, according to Shams Charania of ESPN, who reports (via Twitter) that Memphis is giving the former Defensive Player of the Year a five-year, $240MM deal.
Jackson’s new extension will feature a player option for the 2029/30 season, sources tell Charania (Twitter link).
It’s worth noting that the Grizzlies do not currently have the requisite cap room to renegotiate and extend Jackson at the salary that Charania reported — additional cost-cutting moves will be necessary in order to complete the transaction. John Konchar and Cole Anthony have been rumored as salary-dump candidates.
More to come…