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Memphis Grizzlies star Jaren Jackson Jr. was not named a member of the three All-NBA teams on May 23.
Jackson put together a strong case in the regular season. At times, he was virtually considered a lock to make All-NBA.
Jackson appeared in 74 games, averaging 22.2 points, 5.6 rebounds, 1.5 blocks and 1.2 steals this season. He was also named as a member of the second team All-Defensive squad on May 22, along with earning his second All-Star appearance.
A lot of money was on the line based on where Jackson landed. Now that Jackson didn't make All-NBA, he will not be eligible for a five-year supermax extension that would have been worth roughly $345 million.
The Grizzlies could still sign Jackson to a four-year extension, but this is where things get tricky. Since Jackson's previous four-year contract extension was a deescalating contract, Memphis can now only sign Jackson to a four-year maximum extension worth roughly $146 million.
Being that it's unlikely that a player of Jackson's status would take that deal, Memphis could look to renegotiate Jackson's current deal to reach a higher number. The Grizzlies would have to release the cap holds to their current projected free agents to get under the salary cap. Memphis would then be able to tack any additional cap space onto the final year of Jackson's current deal. Based on the amount of cap space the Grizzlies create, they can get to a significantly higher yearly average and closer to a number that would lead to Jackson signing this summer.
Jackson is scheduled to make $23.4 million in the last year of his current deal. He signed his first NBA extension, a four-year deal worth approximately $104.7 million.
At the time, injuries were a concern for Jackson. He was coming off a season in which he appeared in 11 games.
Since that extension, Jackson has turned that contract into a bargain. He has appeared in at least 63 games in each of the past four seasons, made two All-Star appearances and three All-Defensive teams.
The Grizzlies can begin discussing a new potential contract with Jackson the following day after the NBA Finals. Since Jackson has one more year on his deal, no other team can sign him, and technically, the Grizzlies don't have to strike a deal now.
However, it's usually in the best interest of the team to have a deal agreed upon before a player plays out the final year of a contract and gets a chance to test the open market.
Damichael Cole is the Memphis Grizzlies beat writer for The Commercial Appeal. Contact Damichael at [email protected]. Follow Damichael on X, formerly known as Twitter, @DamichaelC.
This article originally appeared on Memphis Commercial Appeal: Memphis Grizzlies' Jaren Jackson Jr.'s All-NBA status revealed
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Jackson put together a strong case in the regular season. At times, he was virtually considered a lock to make All-NBA.
Jackson appeared in 74 games, averaging 22.2 points, 5.6 rebounds, 1.5 blocks and 1.2 steals this season. He was also named as a member of the second team All-Defensive squad on May 22, along with earning his second All-Star appearance.
Financial implications
A lot of money was on the line based on where Jackson landed. Now that Jackson didn't make All-NBA, he will not be eligible for a five-year supermax extension that would have been worth roughly $345 million.
The Grizzlies could still sign Jackson to a four-year extension, but this is where things get tricky. Since Jackson's previous four-year contract extension was a deescalating contract, Memphis can now only sign Jackson to a four-year maximum extension worth roughly $146 million.
Being that it's unlikely that a player of Jackson's status would take that deal, Memphis could look to renegotiate Jackson's current deal to reach a higher number. The Grizzlies would have to release the cap holds to their current projected free agents to get under the salary cap. Memphis would then be able to tack any additional cap space onto the final year of Jackson's current deal. Based on the amount of cap space the Grizzlies create, they can get to a significantly higher yearly average and closer to a number that would lead to Jackson signing this summer.
Jackson's current contract status
Jackson is scheduled to make $23.4 million in the last year of his current deal. He signed his first NBA extension, a four-year deal worth approximately $104.7 million.
At the time, injuries were a concern for Jackson. He was coming off a season in which he appeared in 11 games.
Since that extension, Jackson has turned that contract into a bargain. He has appeared in at least 63 games in each of the past four seasons, made two All-Star appearances and three All-Defensive teams.
Contract negotiations
The Grizzlies can begin discussing a new potential contract with Jackson the following day after the NBA Finals. Since Jackson has one more year on his deal, no other team can sign him, and technically, the Grizzlies don't have to strike a deal now.
However, it's usually in the best interest of the team to have a deal agreed upon before a player plays out the final year of a contract and gets a chance to test the open market.
Damichael Cole is the Memphis Grizzlies beat writer for The Commercial Appeal. Contact Damichael at [email protected]. Follow Damichael on X, formerly known as Twitter, @DamichaelC.
This article originally appeared on Memphis Commercial Appeal: Memphis Grizzlies' Jaren Jackson Jr.'s All-NBA status revealed
Continue reading...
