The Grizzlies have taken care of their two big pieces of offseason business within the first half-hour of free agency. After striking a deal to renegotiate and extend Jaren Jackson Jr.‘s contract, the club has reached a three-year, $52.5MM contract agreement with restricted free agent forward Santi Aldama, reports ESPN’s Shams Charania (Twitter link).
Even with a limited number of teams able to open up enough cap space to make a competitive offer beyond the $14.1MM non-taxpayer mid-level exception, Aldama was expected to attract interest on the market. The Pistons, in particular, were heavily linked to the Spanish big man. He’ll now stick around in Memphis after a breakout season.
While the full terms of the agreement haven’t been reported yet, it’s quite possible the contract will be heavily frontloaded, cap expert Yossi Gozlan tweets. The Grizzlies could start it as high as $19MM since they have so much luxury tax flexibility. They’ll go over the cap to re-sign Aldama after using their cap space on Jackson’s renegotiation.
Aldama became an RFA when the Grizzlies extended a qualifying offer to him on Sunday.
In 2024/25, he averaged 12.5 points, 6.4 points, and 2.9 assists per game while shooting 36.8% from three, all career-high numbers. He also averaged 13.0 PPG and 6.0 RPG while shooting 41.7% from three in the Grizzlies’ four playoff games this spring.
Jackson, Aldama and 2024 lottery pick Zach Edey — currently recuperating from ankle surgery — now figure to be the key big man in Memphis for years to come.
Nice. Aldama will outplay this contract in my opinion. He’s more than handy and getting better.
Damnit! I was hoping the Nets would sign him to an offer sheet…