Memphis is making a massive statement — and it’s one that echoes loudly across the Western Conference.
According to NBA insider Shams Charania, the Memphis Grizzlies and Jaren Jackson Jr. are expected to agree on a five-year, $240 million maximum renegotiation-and-extension. The deal would be the richest in franchise history and signals that the Grizzlies are committing to their All-Star forward as a central piece of the team’s long-term core.
But that wasn’t the only move Memphis made.
Grizzlies Also Sign Ty Jerome to Three-Year Deal
Shortly after reports of Jackson’s extension surfaced, the Grizzlies struck again, agreeing to a three-year, $28 million deal with guard Ty Jerome. The former Virginia standout spent the 2023–24 season recovering from an ankle injury but has shown flashes of being a reliable combo guard when healthy.
Jerome’s addition is a sign that Memphis is reshaping its backcourt depth following the departure of Desmond Bane. The 6-foot-5 guard brings shooting, playmaking, and maturity to a roster looking to find the right balance of youth and experience.
A Bold Step Amid Uncertainty
These back-to-back moves come just weeks after Memphis shocked the NBA world by trading Desmond Bane to the Orlando Magic for a package that included Kentavious Caldwell-Pope, Cole Anthony, and four unprotected first-round picks. That deal sparked speculation about whether the Grizzlies were headed toward a full rebuild—or at least a transitional phase.
But locking in Jackson and bringing in Ty Jerome tells a different story. It suggests that the front office is retooling around its remaining core, not blowing it up.
Why the Grizzlies Made the Move
At just 25 years old, Jaren Jackson Jr. is already one of the league’s premier two-way bigs. He was the 2023 NBA Defensive Player of the Year, a two-time All-Defensive First Team selection, and continues to evolve on the offensive end.
While questions remain about his rebounding and availability, his ability to space the floor, protect the rim, and defend across positions makes him a valuable piece in today’s NBA. He averaged 22.2 points, 5.6 rebounds, and 2.2 blocks last season while shooting career-highs from the field and beyond the arc.
Ty Jerome, meanwhile, brings a steady presence to the bench. In his best season with the Cleveland Cavaliers in 2024–25, Jerome averaged 12.5 points and 3.4 assists per game while shooting 51.6% from the floor and 43.8% from three. If he’s healthy, he could be a key rotation piece for a Grizzlies team that needs shooting and ball-handling.
A Message to the NBA: Memphis Isn’t Going Anywhere
The Jackson extension and Jerome signing make it clear: Memphis is not hitting the reset button.
This is a team that was the No. 2 seed in the West just two years ago and still boasts Ja Morant and Jaren Jackson Jr., both under the age of 26. The front office believes that, with health and smart roster construction, the Grizzlies can return to contender status in short order.
By investing in Jackson, signing Jerome, and adding veteran pieces like KCP and Cole Anthony, the Grizzlies are creating flexibility without giving up on their timeline.
What Comes Next?
With Jackson and Jerome locked in, the spotlight now turns to potential trades, the future of Ja Morant, and whether Memphis will continue to be aggressive this offseason. The roster isn’t finalized, but the vision is clear: reload around your stars, retool the bench, and preserve long-term upside.
And most importantly, don’t give up on the window just yet.
This is still Ja and Jaren’s team, and Memphis believes the best is yet to come.
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