Santi Aldama, the restricted free agent, has agreed to a three-year contract with the Memphis Grizzlies valued at $52.5 million. According to Michael Scotto of HoopsHype, this agreement includes a team option for the third year.
The contract structure is front-loaded, meaning Aldama will earn a salary of $18.49 million in the first year, which then decreases to $17 million in the second year.
The third year, which is the team option for the 2027/28 season, carries a salary of $17 million as well.
In another deal, Ty Jerome has secured a three-year contract with the Grizzlies worth $27.66 million, matching the full amount allowed under the team’s salary cap exception, as anticipated.
This agreement contains a player option for the third year, as had been previously reported. Additionally, Scotto notes that Jerome’s contract includes a 15% trade kicker – a clause that provides the player with extra compensation if traded.
Lastly, Cam Spencer has signed a four-year contract with Memphis totaling approximately $10.4 million.
The Grizzlies utilized available cap space to set Spencer’s salary at $2,537,989 for the first season, with the remaining three years paid at the league minimum salary, confirmed by Hoops Rumors.
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