Bane, Grizzlies agree to 5-year, $207M max extension

LOS ANGELES, CALIFORNIA - APRIL 24: Desmond Bane #22 of the Memphis Grizzlies reacts after a three-point shot against the Los Angeles Lakers in the first half of Game Four of the Western Conference First Round Playoffs at Crypto.com Arena on April 24, 2023 in Los Angeles, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.
Ronald Martinez / Getty Images Sport / Getty

The Memphies Grizzlies and shooting guard Desmond Bane agreed to a five-year, $207-million max contract extension, Bane's agents told ESPN's Adrian Wojnarowski.

The deal locks up Memphis' core of Ja Morant, Jaren Jackson Jr., and Bane, as Wojnarowski notes. The Grizzlies added point guard Derrick Rose on a two-year contract on Friday evening.

Bane, drafted 30th overall in 2020, averaged 21.5 points, five rebounds, and 4.4 assists in 58 games last season, stepping up when Morant missed time. He's one of the deadliest shooters from distance, hitting 40.8% of his threes last season. He's a lifetime 42.8% shooter from deep across three seasons.

The 25-year-old will be relied upon heavily again next season, with Morant suspended for the first 25 games of 2023-24.

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