That new deal was the first reported agreement of the new league year, as Shams Charania reported the two sides were finalizing a five-year, $240 million max extension, with a player option in the final year (2029-30). Jackson was slated to enter unrestricted free agency next summer without a new deal.

The Grizzlies had multiple questions surrounding their roster heading into the 2025 free agency period. With a looming Jaren Jackson Jr. extension and Santi Ald

The Memphis Grizzlies and Jaren Jackson Jr. agreed to a five-year, $240 million maximum contract extension on Monday, per ESPN's Shams Charania.