Desmond Bane agrees to 5-year extension with Memphis Grizzlies, Desmond Bane Has Agreed To A $207 Million Max Extension With The Memphis Grizzlies

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Desmond Bane is a professional basketball player who currently plays for the Memphis Grizzlies in the National Basketball Association (NBA). He was born on June 25, 1998, in Richmond, Indiana, United States.

Bane played college basketball for the Texas Christian University (TCU) Horned Frogs from 2016 to 2020. During his senior year, he was named the Big 12 Conference’s co-Player of the Year and led the conference in scoring, averaging 16.6 points per game. Bane was known for his scoring ability, three-point shooting, and overall versatility on the court.

Desmond Bane agrees to 5-year extension with Memphis Grizzlies, Desmond Bane Has Agreed To A $207 Million Max Extension With The Memphis Grizzlies

In the 2020 NBA Draft, Bane was selected by the Boston Celtics with the 30th overall pick. However, his draft rights were traded to the Memphis Grizzlies in exchange for two future second-round picks. Bane joined the Grizzlies for the 2020-2021 NBA season.

During his rookie season, Bane showcased his skills and quickly established himself as a valuable contributor for the Grizzlies. He played in all 72 regular-season games and averaged 9.2 points, 3.1 rebounds, and 1.7 assists per game. Bane also demonstrated his shooting prowess by shooting 43.2% from three-point range.

Desmond Bane’s playing style is characterized by his shooting ability, range, and basketball IQ. He is known for his confident shooting stroke, especially from beyond the arc, which makes him a threat from deep range. Bane also possesses good size for his position, allowing him to contribute on both ends of the floor.

Desmond Bane is a shooting guard and small forward known for his offensive skills. He has a smooth shooting stroke and is particularly effective from beyond the arc. Bane has the ability to catch and shoot, as well as create his own shot off the dribble. His shooting range and accuracy make him a valuable floor spacer for his team’s offense.

In addition to his scoring ability, Bane is also a solid defender. He uses his length and athleticism to stay in front of his opponents and contest shots. Bane has shown good instincts and quick hands, allowing him to generate steals and disrupt passing lanes.

During his college career at TCU, Bane steadily improved each year and became one of the top players in the Big 12 Conference. He displayed his versatility by contributing in various aspects of the game, including scoring, rebounding, playmaking, and defense.

In his rookie season with the Memphis Grizzlies, Bane made an immediate impact and earned a spot in the team’s regular rotation. He played a key role off the bench and provided a scoring punch. Bane’s ability to stretch the floor and knock down threes was valuable for the Grizzlies’ offensive spacing.

Memphis Grizzlies G Desmond Bane has agreed on a five-year, $207M max contract extension, his agents Jim Tanner, Max Wiepking and Terrence Felder of @_Tandemse tell ESPN. Grizzlies’ cornerstone players — Ja Morant, Jaren Jackson Jr., and Bane — are secured long-term.

The Grizzlies will count heavily on the 25-year-old Bane next season while Ja Morant serves a league-issued 25-game suspension. Memphis Desmond Bane has reportedly agreed to terms with veteran free agent guard Derrick Rose to help fill that gap as well.

Memphis finished last season with a 51-31 record, good for second place in the Western Conference before falling to the seventh-seeded Los Angeles Desmond Bane Lakers in the first round of the 2023 playoffs. Bane averaged 23.5 points in the series, but saw his 3-point shooting efficiency drop to 32%.

Desmond Bane agrees to 5-year extension with Memphis Grizzlies, Desmond Bane Has Agreed To A $207 Million Max Extension With The Memphis Grizzlies

Based on Woj’s wording in his reports on the new extensions for Bane and Pacers All-Star point guard Tyrese Haliburton, it sounds as if Bane’s deal will likely not include the Rose rule escalator, Desmond Bane which would have allowed him to qualify for a starting salary worth up to 30% of the cap.

The Memphis Grizzlies and shooting guard Desmond Bane have agreed to a five-year, $207 million max contract extension, according to ESPN’s Adrian Wojnarowski.

Memphis had already exercised the 2023-24 club option on Bane’s current deal worth $3.8 million.

Bane has spent his entire three-year career with the Grizzlies after being selected 30th overall in the 2020 draft by the Boston Celtics and then traded to Memphis on draft night.

The 24-year-old emerged as a star for the franchise during the 2021-22 season, averaging 18.2 points, 4.4 rebounds, 2.7 assists and 1.2 steals in 76 games while shooting 46.1 percent from the floor an 43.6 percent from beyond the arc.

Despite appearing in just 58 games during the 2022-23 campaign, Bane put together his best season yet, averaging 21.5 points, 5.0 rebounds, 4.4 assists and 1.0 steal while shooting 47.9 percent from the floor and 40.8 percent from deep.

Bane also went on to have a solid postseason for the Grizzlies, averaging 23.5 points, 6.0 rebounds and 3.2 assists in six playoff games. Memphis was eliminated from the playoffs with a first-round loss to the Los Angeles Lakers.

Bane underwent offseason surgery to repair a fractured big toe in his right foot in May and the Grizzlies said he is expected to be ready for the 2023-24 campaign. He played most of the 2022-23 season with the ailment.

Keeping Bane around was a no-brainer for the Grizzlies as they build a roster around Ja Morant, and he figures to be a key piece of the franchise moving forward alongside the star point guard and Jaren Jackson Jr.

The Memphis Grizzlies and shooting guard Desmond Bane have agreed to a five-year, $207 million max contract extension, league sources confirmed to The Athletic on Saturday. ESPN first reported the news. Here’s what you need to know:

Desmond Bane agrees to 5-year extension with Memphis Grizzlies, Desmond Bane Has Agreed To A $207 Million Max Extension With The Memphis Grizzlies
  • Bane joins Ja Morant and Jaren Jackson Jr. as Grizzlies players with long-term contracts.
  • The 25-year-old averaged 21.5 points, 5.0 rebounds and 4.4 assists per game in 2022-23.
  • The Grizzlies finished with a 51-31 record in 2022-23, losing in the first round of the playoffs to the Los Angeles Lakers.
  • The Memphis Grizzlies have nailed a number of top draft picks, which is a very good way to build a contender quickly after briefly bottoming out.
  • However, when you hit on picks, you also have to pay them, and they entered this offseason having already given Ja Morant and Jaren Jackson Jr. large extensions when they became eligible. This summer they had a decision to make about Desmond Bane, as the young wing has emerged as one of the NBA’s best volume shooters. Last season Desmond Bane set career marks by averaging 21.5 points, 5.0 rebounds, and 4.4 assists per game on 47.9/40.8/88.3 shooting splits (which was actually his worst three-point shooting season of his young career). Bane is also a terrific defender, and should pair quite well with new addition Marcus Smart to form a physical backcourt defensive tandem.
  • The question for Memphis was how high they’d want to go in extension Desmond Bane talks with Bane or whether he’d be willing to sign for anything short of the max. We got the answer when July 1 came about and Bane was officially extension eligible, as the Grizzlies signed him to a max extension that will pay him $207 million over five years
  • Bane will join Morant and Jackson Jr. as the clear young core pieces in Memphis, with Smart giving them a veteran presence in the backcourt they haven’t had. Once Morant returns from his 25-game suspension, the Grizzlies figure to once again be among the West’s best in the regular season and will hope their core, all locked in on big deals, can deliver in the postseason in a way they haven’t quite been able to yet.
  • The Memphis Grizzlies have nailed a number of top draft picks, which Desmond Bane is a very good way to build a contender quickly after briefly bottoming out.
  • However, when you hit on picks, you also have to pay them, and they entered this offseason having already given Ja Morant and Jaren Jackson Jr. large extensions when they became eligible. This summer they had a decision to make about Desmond Bane, as the young wing has emerged as one of the NBA’s best volume shooters. Last season Bane set career marks by averaging 21.5 points, 5.0 rebounds, and 4.4 assists per game on 47.9/40.8/88.3 shooting splits (which was actually his worst three-point shooting season of his young career). Bane is also a terrific defender, and should pair quite well with new addition Marcus Smart to form a physical backcourt defensive tandem.
  • The question for Memphis was how high they’d want to go in extension talks with Bane or whether he’d be willing to sign for anything short of the max. We got the answer when July 1 came about and Bane was officially extension eligible, as the Grizzlies signed Desmond Bane him to a max extension that will pay him $207 million over five years.
  • Desmond Bane has agreed to a five-year, $207 million contract extension with the Memphis Grizzlieshis agents told ESPN’s Adrian Wojnarowski. This is the largest contract in Grizzlies history. 
  • Bane, 25, was drafted No. 30 in 2020 and has developed into a fringe All-Star. He’s a 42.5% career 3-point shooter, which is particularly impressive taking into account the deep and difficult 3s he shoots with regularity. In 2022-23, he attempted 3.5 catch-and-shoot 3s per game and 3.3 pull-ups per game and made them both at an above-40% clip. He became a max guy, though, because he raised his usage rate to 25.2% and had the most efficient season of his career. Projected by many to be only a 3-and-D guy coming out of college, Bane averaged 21.5 points, 5.0 rebounds and 4.4 assists in 31.7 minutes last year.
  • Given that he has yet to actually make an All-Star team, this type of money might seem a bit generous. That’s probably only a matter of time, though, and there is not a long list of young players who are effective both running pick-and-rolls and shooting off movement. That Bane is also a sturdy, switchable defender makes him even more irreplaceable for Memphis.
  • Based on the initial reporting, Bane will sign a five-year deal with neither a team option nor a player option. Notably, the max extension Ja Morant signed with the Grizzlies last summer didn’t include an option, either. 
  • Memphis’ core is now signed long-term. Reigning Defensive Player of the Year Jaren Jackson Jr. will be an unrestricted free agent in the summer of 2026, Morant in 2028 and Bane in 2029. If there is a downside to that security, it is that it will sacrifice some financial flexibility next summer — without the extension, Bane would have had a cap hold of only $11.5 million as a restricted free agent. Getting this done early, though, means the Grizzlies don’t have to worry about another team playing the offer-sheet game. 
  • Desmond Bane will be a significant piece of the Memphis Grizzlies for the foreseeable future.
  • The Grizzlies signed the 25-year-old shooting guard to a five-year contract extension worth $207 million, according to ESPN. Bane’s deal surpasses Ja Morant’s five-year rookie max contract from last season as the largest in franchise history.
  • Bane averaged 21.5 points, five rebounds and 4.4 assists in 58 games last season. He has played in 144 of 154 games through his first two seasons before dealing with his first major injury last season when he injured his right big toe.
  • Memphis drafted Bane in 2021 with the 30th pick in the first round out of TCU. He was known as a shooter then, and he has been that and more in the NBA. Bane has shot better than 40% on 3-pointers in each of his first three seasons. He finished last season with 40.8% shooting on 3-pointers, making 2.9 per game.
  • There wasn’t much doubt that Memphis and Bane would come to a solution this offseason before getting to restricted free agency in the summer of 2024. Grizzlies general manager and president of basketball operations Zach Kleiman made it clear that extending Bane was a priority this offseason when he called the shooting guard a “cornerstone” player in Memphis.
  • Bane expressed the same confidence when he spoke during exit interviews April 30.
  • “I’m super excited to hopefully be able to get something done this summer,” Bane said two days after the Grizzlies’ season ended. “A lot of work went into this, but more importantly, I’m just thankful to be here in Memphis, be apart of the Grizzlies organization, hopefully be able to set up something here for a while and win a championship while doing it.”
  • The Grizzlies have signed Bane, Morant and Jaren Jackson Jr. to significant rookie-scale contract extensions in consecutive seasons. That trio is believed to be the core Memphis will build around for years to come.
  • The Memphis Grizzlies signed guard Desmond Bane to a five-year max extension worth $207 million, according to sources. The deal is the largest in franchise history and the first $200 million deal in Grizzlies history. 
  • The 25-year-old guard earns one of the largest deals in free agency thanks to a career year last season. Bane averages around 21 points, five rebounds, and four assists on 48 percent from the field and 40 percent from the three. 
  • The guard continues to excel in the league as he’s improved each season since being drafted 30th overall in the 2020 NBA Draft.  
  • Bane has become a focal point as the sharpshooter of Memphis’ young core alongside Ja Morant and Jaren Jackson Jr. The deal ensures that the core stays together long-term as Morant and Jackson Jr are both on multi-year contracts.  
  • The sharpshooter struggled to shoot in the past postseason but much of it had to deal with the broken bone in his toe he suffered back in late November. Bane chose to play through it until the end of the season and underwent surgery for it last month.  
  • Memphis expects Bane to be ready by the start of the season as fans will look at him as the primary scorer in the absence of Morant.
  • Guard Desmond Bane, one of the Memphis Grizzlies’ cornerstone players, agreed to a five-year, $207 million max contract extension, ESPN reported late Friday night.
  • Contract agreements with free agents become official July 6, per NBA rules.
  • Bane, whose $200 million-plus deal is the first in Grizzlies history, is now locked up long term along with teammates Ja Morant and Jaren Jackson Jr.
  • Bane, 25, who was the 30th overall pick in the 2020 draft, averaged career highs in points (21.5 per game), rebounds (5.0), assists (4.4) and field-goal percentage (48 percent) in 58 games, all starts, in 2022-23. In his three seasons, Bane has averaged 16.1 points, 4.1 rebounds and 2.9 assists in 202 games (151 starts).
  • Bane, who has improved his averages in scoring, rebounding and assists every season, has also shot at least 40 percent on 3-pointers in each of his three NBA seasons. His 228 buckets from beyond the arc last season set a franchise record.
  • After having surgery in May to repair a bone in his right big toe, Bane is expected to be fully recovered before the start of the season. The injury, which he sustained in November, cost him 17 games before he returned to action in December.
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