May 11, 2022; Memphis, Tennessee, USA; Memphis Grizzlies guard Tyus Jones (21) controls the ball as Golden State Warriors guard Klay Thompson (11) defends during game five of the second round for the 2022 NBA playoffs at FedExForum. Joe Rondone-USA TODAY Sports

The Memphis Grizzlies  are re-signing point guard Tyus Jones, according to Adrian Wojnarowski of ESPN. Agent Kevin Bradbury tells Wojnarowski that Jones is signing a two-year, $30M contract to remain in Memphis.

Jones was expected to draw significant interest from teams in need of help at the point this summer, but many of those teams only had the mid-level exception available. Jones’ new deal with the Grizzlies will be worth significantly more than that.

The NBA’s leader in assist-to-turnover ratio for four straight seasons, Jones has turned the ball over just 326 times in 8,377 career NBA minutes. Besides taking care of the ball and distributing it, the 26-year-old also set career highs in PPG (8.7) and three-point percentage (.390) in 2021-22.

Although he has never been a full-time starter for the Grizzlies, Jones plays an important role alongside Ja Morant and provides the team with a solid insurance policy if Morant continues to deal with injury issues going forward.

Memphis also traded De’Anthony Melton to Philadelphia earlier in the offseason, which could lead to a slightly expanded role for Jones in 2022-23.

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