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 Memphis Grizzlies have locked down Jaren Jackson Jr. Jackson and the Grizzlies are expected to agree on a five-year, $240 million max extension, according to ESPN's Shams Charania. The deal includes a player option during the 2029-2030 season,

Jaren Jackson Jr. will be with the Grizzlies for the foreseeable future. Jackson and the organization are expected to agree on a five-year, $240 million max deal, ESPN’s Shams Charania reported.