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Grizzlies Announce that Jaren Jackson Jr.’s Renegotiation and Extension Is Complete

SHELBY COUNTY, TENNESSEE, JUL 13 – The buyout clears cap space for Memphis to extend Jaren Jackson Jr. while Milwaukee adds a younger guard to support Giannis Antetokounmpo after waiving Damian Lillard.

  • On Saturday, Cole Anthony agreed to a contract buyout with the Memphis Grizzlies, and ESPN’s Shams Charania reported he expects to sign with the Milwaukee Bucks.
  • To clear cap space for Jaren Jackson Jr.’s extension, the Grizzlies arranged the buyout, while a guard vacancy from Damian Lillard’s departure created the opportunity for Anthony.
  • Known for his bench production, Cole Anthony averaged 9.4 points, 3.0 assists and 2.9 rebounds last season, and entered with $13.1 million left on his contract plus a club option, per Spotrac.
  • The Bucks will lean on Anthony to bolster backcourt depth behind Kevin Porter Jr. and Ryan Rollins, betting on his spark off the bench and offering him a fresh start after five seasons in Orlando.
  • This move positions the Bucks with a low-risk, high-upside offensive weapon for championship aspirations, and for Memphis, it clears additional cap space and opens minutes for developmental pieces.
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The Bakersfield CalifornianThe Bakersfield Californian
+14 Reposted by 14 other sources
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Grizzlies announce that Jaren Jackson Jr.'s renegotiation and extension is complete

LAS VEGAS (AP) — Jaren Jackson Jr.'s signing of a $239.9 million deal that keeps him under contract for the next five seasons with the Memphis Grizzlies finally became official Sunday, one day after the team reached a buyout agreement…

·Bakersfield, United States
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Hoops Hype broke the news in on Saturday, July 12, 2025.
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