BREAKING: The Memphis Grizzlies and All-Star Jaren Jackson Jr. are expected to agree on a five-year, $240 million maximum renegotiation-and-extension, sources tell ESPN. Head of CAA Basketball Austin Brown and CAA agent Max Saidman negotiated the new agreement with the Grizzlies.

Jaren Jackson Jr. underwent successful surgery to repair a turf toe injury in his right foot, sustained during an off‑site live basketball drill—just one day after signing a five‑year, $240 million extension with Memphis. The Grizzlies anticipate a full recovery and expect to re‑evaluate him in roughly 12 weeks.

Jaren Jackson Jr. and the Memphis Grizzlies have reached an agreement on a contract extension, according to ESPN.