Mar 25, 2025; Salt Lake City, Utah, USA; Memphis Grizzlies guard Cam Spencer (24) brings the ball up the court during the second half against the Utah Jazz at Delta Center. Mandatory Credit: Chris Nicoll-Imagn Images Chris Nicoll-Imagn Images

Grizzlies Agree To Two-Year Extension With National Champion

Originally posted on Memphis Grizzlies on SI
By Jeremy Lambert | Last updated Jun 30, 2025 7:55 PM ET

The Memphis Grizzlies have been taking care of their homegrown talents so far this free agency. After agreeing to a $240 million extension with All-Defensive forward Jaren Jackson Jr., the Grizzlies followed up by locking up Santi Aldama on a multi-year deal to solidify their front court for the next few seasons.

Now, the team has locked up one of their 2024 rookies to a deal, keeping the UConn National Champion in Memphis for the next two years.

The Memphis Grizzlies and guard Cam Spencer have agreed to a two-year, $4.5 million fully guaranteed contract, sources tell ESPN. Mark Bartelstein and Ross Aroyo of @PrioritySports finalized a deal with Memphis execs after Spencer had flashes of strong play as a two-way rookie. pic.twitter.com/tbpYujUHNN
— Shams Charania (@ShamsCharania) June 30, 2025

ESPN's Shams Charania reports that the Memphis Grizzlies have signed guard Cam Spencer to a two-year deal worth $4.5 million. The deal is fully guaranteed. Mark Bartelstein and Ross Aroyo of Priority Sports finalized a deal with Memphis executives.

Spencer was drafted 53rd overall by the Detroit Pistons in the 2024 NBA Draft, but was traded to the Grizzlies on draft night. He signed a two-way contract with the Grizzlies in July 2024.

Cam Spencer reminded scouts that he's the best player on the best team in college basketball, carrying UConn to the Big East tournament championship game with an efficient 20 point (4/5 3P), 9 assist, 0 turnover effort in a win over St. John's. pic.twitter.com/EcyiLfQhX5
— Jonathan Givony (@DraftExpress) March 16, 2024

As a rookie, Spencer played in 25 games for the Grizzlies, averaging 4.2 points, 1.2 rebounds, and 1.4 assists in just over ten minutes per game. In the G-League, Spencer scored 20.4 points per game on 43% shooting from three.

In the final game of the season, Spencer drew the start for the Grizzlies and dropped 23 points on 5-12 shooting from three against the Dallas Mavericks. Spencer played five seasons in college, spending his first three years at Loyola (Maryland) before going to Rutgers and then finishing his college career at UConn.

Petre Thomas-Imagn Images

As a fifth-year senior at UConn, Spencer helped lead the Huskies to a National Championship, averaging 14.3 points, 4.9 rebounds, and 3.6 assists on 44% shooting from deep. The Grizzlies have been active in free agency, re-signing Jaren Jackson Jr and Santi Aldama, along with adding Ty Jerome.

This article first appeared on Memphis Grizzlies on SI and was syndicated with permission.

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