Jaren Jackson Jr. is preparing for the next chapter of his NBA career after the Memphis Grizzlies sent him to the Utah Jazz in a stunning blockbuster trade.
Jackson will also be taking a big contract and salary with him to the rebuilding Jazz squad. How much will he be making in the remaining years of his current contract as the newest member of the Utah franchise?
Jaren Jackson Jr.’s Current Contract and Salary
Jackson is making exactly $35 million for the 2025-26 NBA season under his current contract, per Rotowire. It marks the first year of a five‑year, $240 million contract extension he signed with the Grizzlies in June 2025. The final year contains a $53.5 million player option he can accept or decline for the 2029-30 campaign.
After eight seasons with the Grizzlies, the franchise traded him to the Jazz, along with John Konchar, Jock Landale, and Vince Williams Jr. In exchange, Memphis received Walter Clayton Jr., Kyle Anderson, Taylor Hendricks, Georges Niang, and three future first-round picks.
“The Jazz make a major swing for Jackson and team him with Lauri Markkanen, Keyonte George, Walker Kessler, and more. The move signals a full rebuild for the Grizzlies around its promising young core and now as many future first-round picks as any team in the NBA,” ESPN’s NBA insider Charania wrote in his announcement of the trade on Feb. 3.
The Jazz make a major swing for Jackson and team him with Lauri Markkanen, Keyonte George, Walker Kessler and more. The move signals a full rebuild for the Grizzlies around its promising young core and now as many future first-round picks as any team in the NBA. https://t.co/rraRjT2Goz
— Shams Charania (@ShamsCharania) February 3, 2026
Jackson enjoyed solid years with the Grizzlies, leading them to four playoff appearances. The deepest they got was to the Western Conference Semifinals in 2022 when they fell in six games to the eventual champion Golden State Warriors.
Jackson will now have to embrace a new change of scenery, joining a Jazz squad that last made the playoffs in 2022. The star center does provide significant talent on both sides of the ball. The 2023 Defensive Player of the Year and two-time All-Star averaged 18.5 points, 5.6 rebounds, and 1.5 assists throughout his time with the Grizzlies. This season, he has been producing 19.2 points, 5.8 rebounds, 1.9 assists, and 1.5 blocks per game.
The Jazz will have an intriguing situation in the frontcourt. They have to figure out how to pair Jackson with Lauri Markkanen while Walker Kessler rehabs his season-ending injury. Boasting a lot of depth in that room, Utah might not be done making moves, as it made big roster adjustments following this major trade.
Utah has a 15-35 record this season, sitting in 13th place in the Western Conference standings. They are above the New Orleans Pelicans by three games and the Sacramento Kings by 3.5 games. However, they trail the Dallas Mavericks by 4.5 games and the Grizzlies by five games.
Going through six consecutive losses, the Jazz will look to return to the win column in their next matchup. They are on the road when they face the Indiana Pacers on Feb. 3 at 7 p.m. ET.
