Grizzlies Sign Cam Spencer To Four-Year Contract
1:00pm: Spencer has officially signed his new four-year contract, the Grizzlies announced this afternoon (via Twitter).
11:48am: After initially agreeing to a two-year, minimum-salary contract when free agency opened on June 30, the Grizzlies and Cam Spencer have since amended the terms of that agreement, agents Mark Bartelstein and Ross Aroyo tell Shams Charania of ESPN (Twitter link).
According to Charania, Spencer will now be signing a four-year, $10.5MM contract that includes three fully guaranteed seasons. The fourth year will be a team option, tweets Michael Scotto of HoopsHype.
The 53rd pick of the 2024 draft after winning a national championship with UConn, Spencer appeared in 25 games with the Grizzlies last season, averaging 4.2 points, 1.2 rebounds and 1.4 assists in 10.1 minutes per contest. His shooting line was .415/.365/1.000.
The 25-year-old combo guard had a much bigger role in his eight G League appearances (32.2 MPG) with the Memphis Hustle in ’24/25, averaging 23.5 PPG, 3.6 RPG, 3.5 APG and 1.2 SPG on .538/.493/.765 shooting.
When the Grizzlies initially agreed to a two-year, minimum-salary deal with Spencer, they likely didn’t know whether or not they’d have to renounce his rights in order to accommodate Jaren Jackson‘s renegotiated contract.
It appears Memphis was able to hang onto Spencer’s Non-Bird rights while maintaining enough cap room for Jackson’s new deal, which will allow the club to go beyond two years and a little above the minimum for Spencer.
As we wrote earlier today, Spencer’s deal with the Grizzlies is one of four reported signings that will likely be officially completed now that Jackson’s renegotiation and extension is complete.
Reported Signings That Aren’t Yet Official
Most of the free agent deals and all of the trades that were reported during or before the July moratorium have since been officially finalized, but there are still a handful of signings that we’re waiting on. Here’s a quick breakdown of the reported free agent contracts that have not yet been formally completed and announced:
Brooklyn Nets:
The Nets are the only NBA team that still has cap room remaining, so they’re likely weighing their options for how best to use that space before officially cutting into it by signing Sharpe and/or Williams. It’s possible that one of those two contracts will eventually slot into the room exception in order to help Brooklyn maximize its cap space.
Dallas Mavericks:
The Mavericks are hard-capped at the second tax apron as a result of using their taxpayer mid-level exception to sign D’Angelo Russell. Signing Exum, even for the minimum (which will likely be what his new deal is worth), would push their team salary above that hard cap, which isn’t permitted. So Dallas will need to make a cost-cutting move before officially finalizing Exum’s deal. Former first-round pick Olivier-Maxence Prosper is considered a trade candidate.
Memphis Grizzlies:
- Santi Aldama (three years, $52.5MM)
- Ty Jerome (three years, $27.66MM)
- Cam Spencer (four years, $10.5MM)
- Jock Landale (one year, minimum salary)
The Grizzlies needed to finalize Cole Anthony‘s buyout and renegotiate Jaren Jackson‘s contract using cap room before making all of these moves, which can be completed without using cap space. Anthony’s buyout and Jackson’s renegotiation both happened over the weekend, so I’d expect Memphis to start officially finalizing these signings soon — perhaps even as soon as today.
Minnesota Timberwolves:
It’s not entirely clear why the Timberwolves‘ two big deals for their power forwards have been delayed. My best guess is that Minnesota is waiting on a decision from another free agent on an offer that would use the team’s taxpayer mid-level exception.
In that scenario, the Wolves would want to get Reid’s and Randle’s first-year salaries as low as possible to ensure their team salary stays below a second-apron hard cap. If there’s not another non-minimum free agent incoming, the club could potentially increase Reid’s and Randle’s first-year salaries slightly. That’s just my speculation, however.
Many two-way deals and Exhibit 10 agreements around the NBA have also been reported and not yet finalized, but those won’t affect teams’ cap situations, so the ones above are the ones we’re keeping the closest eye on.
Grizzlies Renegotiate, Extend Jaren Jackson Jr.’s Contract
July 13: Jackson’s renegotiation and extension are official, the team announced (via Twitter).
June 30: The Grizzlies are expected to renegotiate and extend Jaren Jackson Jr.‘s contract, according to Shams Charania of ESPN, who reports (via Twitter) that Memphis is giving the former Defensive Player of the Year a five-year, $240MM deal.
The forward/center’s new extension will feature a player option for the 2029/30 season, sources tell Charania (Twitter link).
It’s worth noting that the Grizzlies do not currently have the requisite cap room to renegotiate and extend Jackson at the salary that Charania reported — additional cost-cutting moves will be necessary in order to complete the transaction.
John Konchar and Cole Anthony have been rumored as salary-dump candidates, and Charania suggests (via Twitter) that Anthony will likely be the odd man out. The 25-year-old guard is on an expiring $12.9MM contract, but Charania’s reporting suggests he’ll likely be traded or bought out.
[UPDATE: Cole Anthony Agrees To Buyout With Grizzlies, Plans To Join Bucks]
Giving Jackson a lucrative new deal was long expected to be a top priority for Memphis. The 25-year-old was entering the final year of his current contract, which would have paid him about $23.4MM in ’25/26.
Based on the terms of his new deal, his salary for next season will need to be increased by nearly $10MM as part of the renegotiation — the $240MM total by Charania likely includes the $23.4MM he’s already owed for next season, so it’ll be closer to $217MM in new money.
As Keith Smith of Spotrac tweets, the Grizzlies need to trim about $7MM in payroll for next season to finalize Jackson’s deal. They’ll have access to the room version of the mid-level exception by operating below the cap, with free agent guard Ty Jerome a rumored target.
Jackson was named an All-Star for the second time last season and earned a spot on the All-Defensive Second Team. In 74 games (29.8 MPG), he averaged 22.2 PPG, 5.6 RPG, 2.0 APG, 1.2 SPG and 1.5 BPG, with a shooting line of .488/.375/.781.
The Grizzlies have also agreed to a three-year, $52.5MM deal with restricted free agent forward Santi Aldama, according to Charania.
Memphis has been busy this offseason, trading Desmond Bane to Orlando in a blockbuster deal that saw the Grizzlies acquire four first-round picks, one first-round swap, Kentavious Caldwell-Pope and Anthony. The Grizzlies then used two of those picks to move up in the draft and land Washington State wing Cedric Coward.
Ja Morant Was "Shocked" By Desmond Bane Trade
- Grizzlies guard Ja Morant said he was surprised by the trade of longtime backcourt partner Desmond Bane and addressed a few other topics in an interview with Damichael Cole of The Memphis Commercial Appeal (subscriber link). “I was shocked, personally,” Morant said. “I got the message from Des. To see it all over the internet, I thought the (expletive) was fake, honestly. It’s best for both sides. Des is going to a very talented Orlando team. I feel like he’s the piece that they’ve been missing.” Morant added that the additions of Kentavious Caldwell-Pope in the trade and Ty Jerome in free agency should make Memphis a better team.
Cole Anthony Agrees To Buyout With Grizzlies, Plans To Join Bucks
July 13: The buyout is official, the Grizzlies announced (via Twitter).
July 12: Cole Anthony has reached a buyout agreement with the Grizzlies, sources tell Shams Charania of ESPN, who adds that Anthony plans to sign with the Bucks once he clears waivers.
Anthony, who was acquired from Orlando in last month’s Desmond Bane trade, has an expiring $12.9MM contract. Charania doesn’t say how much money Anthony is giving up in the buyout, but it’s expected to be similar to whatever salary he gets in Milwaukee, likely a veteran’s minimum contract for one year.
When the move becomes official, Memphis will be able to use cap room to renegotiate and extend Jaren Jackson Jr.‘s contract, per Bobby Marks of ESPN (Twitter link). Once that happens, the Grizzlies can officially re-sign forward Santi Aldama and finalize their reported deal with free agent guard Ty Jerome.
Selected with the 15th pick in the 2020 draft, Anthony spent his first five NBA seasons with the Magic. He had been a consistent double-digit scorer throughout his career, but his playing time decreased last season and his scoring average dropped to 9.4 PPG.
The addition of Anthony will give Milwaukee 14 standard contracts. That includes Andre Jackson, whose deal won’t become fully guaranteed until opening night.
Top 45 Picks From 2025 Draft Have Signed NBA Contracts
It has been 16 days since the NBA’s 2025 draft wrapped up and just 11 days since those draftees were permitted to start signing contracts, but the majority of the ’25 draft class have already put pen to paper, finalizing standard or two-way deals with their respective teams.
As our tracker shows, all 30 first-round picks have signed their rookie scale contracts, and the top 15 picks in the second round are now under contract too. Outside of the top 45, four additional players – No. 48 pick Javon Small, No. 49 pick Tyrese Proctor, No. 50 pick Kobe Sanders, and No. 55 pick Lachlan Olbrich – have formally inked their first NBA contracts.
That leaves the following players who don’t yet have an NBA contract in place for the 2025/26 season:
Boston Celtics: Amari Williams- Milwaukee Bucks: Bogoljub Markovic
- New York Knicks: Mohamed Diawara
- Golden State Warriors: Alex Toohey
- Utah Jazz: John Tonje
- Indiana Pacers: Taelon Peter
- Golden State Warriors: Will Richard
- Boston Celtics: Max Shulga
- Cleveland Cavaliers: Saliou Niang
- Memphis Grizzlies: Jahmai Mashack
A number of these players are expected to end up on two-way deals — Jonathan Givony of ESPN (Twitter links) reported on draft night that both of these Celtics picks – Williams and Shulga – would be signing two-ways with Boston, for instance.
Still, not all of these guys will be on NBA rosters when the 2025/26 season begins. For example, the expectation is that Niang will spend next season in the EuroLeague with Virtus Bologna.
Players born outside the U.S. and/or ones who already have experience in non-NBA leagues are typically the best candidates to become overseas draft-and-stash players, so that could be an option for late second-rounders like Markovic, Diawara, and Toohey too. It’s hardly a given though. Post-draft reporting indicated that the Bucks and Knicks weren’t yet sure if Markovic and Diawara, respectively, will be stashed in Europe or if they’ll play stateside in ’25/26. Diawara, in particular, might have a chance to earn a standard contract for a New York team with little breathing room below its hard cap.
The other option for draft-and-stash players is to spend the season in the G League rather than in a league outside the U.S. Typically, at least one or two players go that route each season. That’s what Nikola Djurisic, the Hawks’ No. 43 overall pick a year ago, did in 2024/25 before signing his first NBA contract with Atlanta earlier this week.
We’ll be keeping a close eye on these players in the coming days and weeks, as many of them could end up finalizing their plans for 2025/26 either during the Las Vegas Summer League or shortly thereafter.
Southwest Notes: Jackson, Flagg, Queen, More
GG Jackson II has had an up-and-down start to his Grizzlies career. After playing over 1,200 minutes his rookie year for a Memphis team ravaged by injuries, a broken foot – and a healthier squad around him – limited him to less than 500 minutes his sophomore season.
Now, with a new head coach in Tuomas Iisalo, Jackson is looking to settle into a role, and Iisalo is looking to help him do exactly that, Damichael Cole writes for Commercial Appeal.
“He told me last year when I was stuck in my head a lot that I’m (going to) coach you the hardest because I don’t want to be that guy that looks back in 20 years like, ‘Ah, that GG Jackson kid could have been something,'” Jackson said of his new coach. “He lets me know that he’s not going to let me fall, so that’s why I rock with him so much.”
Iisalo has emphasized Jackson attacking the basket more aggressively rather than settling for jumpers, and so far it’s worked. Jackson has averaged 21 points through three Summer League games as he vies for one of the remaining spots in the Grizzlies’ starting lineup.
We have more from around the Southwest division:
- Cooper Flagg scored 10 points on 21 shots in his Mavericks debut. “That might be one of the worst games of my life,” he said, per The Athletic’s Christian Clark (via Twitter). “But we got the win. So that’s what really matters to me.” According to ESPN’s insider crew, Flagg’s performance showed his value even when the shot wasn’t falling, as his size and athleticism shone through, especially on the fast break, and his all-around game on both sides of the floor makes him look like a potential game-changer when paired with Dallas’ veterans. Although he didn’t score in the second half, he was able to contribute six rebounds, four assists, three steals, and a block to the final box score.
- Derik Queen made his Pelicans debut on Thursday. According to Rod Walker of NOLA.com, there’s a lot for him to take away from the experience, both good and bad. Queen finished the game with seven turnovers after a particularly rough first half, but he also registered a 13-point, 10-rebound double-double. Those numbers don’t satisfy Queen, though, who knows there are a lot of eyes on him after the Pelicans traded an unprotected 2026 pick to draft him. “Twitter and Instagram are probably going crazy right now,” he said. “I have to redeem myself for me and all the outside noise.” Despite the self-effacing comment, Queen was ultimately encouraged by his play. “I think I flipped the switch in the second half. I feel like I got the hang of it now,” he said.
- Pelicans 2025 lottery pick Jeremiah Fears and last year’s first-rounder Yves Missi had similarly hit-and-miss debuts, Walker writes. Fears scored 14 points, but had just two assists to seven turnovers. Missi shot 5-of-14 from the field and 3-of-9 from the free throw line, but ended with a strong 13-point, 13-rebound double-double. “[Missi] looks like he’s stronger,” said Summer League head coach Corey Brewer. “I think we are going to see a different Yves this year.”
- Nate Williams‘ contract with the Rockets doesn’t become guaranteed until opening night, but he’s not letting that bother him as he heads into his fourth Summer League, writes Danielle Lerner of the Houston Chronicle. “I really don’t worry about all that stuff,” Williams said. “I just work hard and come to play and have fun.” Rockets Summer League coach Garrett Jackson said that he’s going to lean on Williams, as well as Reed Sheppard, throughout the team’s time in Las Vegas. As for Williams, he’s focused on controlling what he can control. “We gonna put on a show tomorrow,” he said on Thursday ahead of the team’s Summer League opener on Friday. “We just gonna show everything: gonna shoot, gonna get to the basket, gonna make the right plays. Just have fun.”
Contract Details: A. Jackson, K. Jones, Small, Sanders, Bagley
The Bucks originally had a July 7 deadline to decide whether or not they wanted to guarantee Andre Jackson‘s full $2.22MM salary for the 2025/26 season, but reporting on Monday indicated that the team had awarded the guard a partial guarantee on that figure as part of an agreement to move back his full salary guarantee date.
According to Keith Smith of Spotrac (Twitter link), Jackson received an $800K partial guarantee as part of that agreement, locking in a little over a third of his ’25/26 salary. His new guarantee date will be one day before the start of the regular season in the fall.
In other words, if Jackson earns a spot on the Bucks’ opening night roster, his full salary for next season will be locked in, but the team has a few more months to make that decision.
Here are a few more contract details from around the NBA:
- Kam Jones‘ four-year, $8.7MM contract with the Pacers is fully guaranteed in year one, with a 50% partial guarantee for year two, reports Michael Scotto of HoopsHype (Twitter link). That means only about $2.35MM of Jones’ total salary will be guaranteed, including $1.27MM in year one. The 6’5″ guard was the 38th overall pick in last month’s draft.
- The two-way contract that No. 48 overall pick Javon Small signed with the Grizzlies will cover two seasons, per Scotto (Twitter link). That will put Small on track for restricted free agency in 2027 if he’s not promoted (or waived) before then.
- Kobe Sanders‘ two-way contract with the Clippers is also for two years, tweets Smith. Sanders was the No. 50 overall pick in the 2025 draft.
- Marvin Bagley III‘s one-year, minimum-salary deal with the Wizards is guaranteed, Hoops Rumors has learned. Washington now has 16 players on guaranteed contracts, plus Richaun Holmes and Justin Champagnie on non-guaranteed deals, so some roster moves will be necessary in D.C. at some point — the team won’t have to resolve that situation until the day before the regular season, however.
Grizzlies Second-Round Pick Javon Small Signs Two-Way Contract
The Grizzlies signed 2025 No. 48 overall pick Javon Small to a two-way contract, according to a team release (Twitter link).
Small played college basketball at East Carolina, Oklahoma State and West Virginia, averaging 18.6 points and 5.6 assists in his final collegiate season with the Mountaineers. The 6’3″ guard shot 35.3% from three on 7.3 attempts per game last season.
Memphis signing Small to a two-way deal was an expected agreement. Once they complete reported deals with Santi Aldama, Ty Jerome, Cam Spencer and Jock Landale, they will have a full 15-man standard roster, which would have left no space for Small.
The Grizzlies also have Zyon Pullin on a two-way contract as a returning player, giving them one more two-way contract slot to offer. Spencer and free agent guard Yuki Kawamura ended last season on two-way contracts with Memphis, but Kawamura didn’t receive a qualifying offer.
Jahmai Mashack is Memphis’s only remaining unsigned draft pick. It’s possible he’ll be auditioning for a two-way spot himself during the Las Vegas Summer League.
Tarik Biberovic Re-Signs With Fenerbahce Following NBA Interest
Despite receiving “serious” NBA interest this offseason, wing Tarik Biberovic has decided to stay in Europe, officially re-signing with reigning EuroLeague champion Fenerbahce, the Turkish team announced in a press release.
European insider Yagız Sabuncuoglu reported on Wednesday (Twitter link) that Biberovic declined a contract offer from the Grizzlies, who selected the 24-year-old with the 56th overall pick in the 2023 draft and control his NBA rights.
Bugra Uzar of Eurohoops confirms that report, and adds that three other NBA teams were interested in Biberovic, though those unnamed clubs could not negotiate with him unless they had acquired his rights in a trade with Memphis.
Biberovic has been one of Fenerbahce’s most reliable shooters in recent years. In 2024/25, he averaged 10.4 PPG and 3.1 RPG in 37 EuroLeague outings (22.5 MPG), converting 43.2% of his 5.0 three-point attempts per game.
The 6’7″ guard/forward, who is originally from Bosnia and Herzegovina, also helped Fenerbace win another domestic title this past season in the Turkish BSL.