Jaren Jackson Jr. Gets Unfortunate Update on Wednesday After Signing $240 Million Deal originally appeared on Athlon Sports.

The Memphis Grizzlies have been active at the start of free agency, re-signing Jaren Jackson Jr. on a mammoth five-year contract worth $240 million, re-signing Santi Aldama, and re-signing Cam Spencer. That doesn't even include the Desmond Bane trade that happened a few weeks before the draft.

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.