Grizzlies Trading Jaren Jackson Jr. To Jazz

In exchange, Memphis will acquire guard Walter Clayton, swingman Kyle Anderson, forwards Taylor Hendricks and Georges Niang, and three future first-round picks, sources tell Charania.

Those three first-rounders headed to the Grizzlies are the Lakers’ 2027 pick (top-four protected), either the Cavaliers’, Timberwolves’, or Jazz’s own 2027 pick (whichever is most favorable), and the Suns’ 2031 pick (unprotected), reports Jake Fischer of The Stein Line (Twitter link).

It’s a shocking move for a couple reasons. For one, multiple reports ahead of Thursday’s trade deadline suggested that Memphis had no interest in moving Jackson and hoped to hang onto – and build around – the big man going forward.

Additionally, while there were multiple teams said to be inquiring on Jackson’s availability in the hopes that the Grizzlies changed their mind, there was no indication that the Jazz were among them or that they’d be looking to use their stash of future draft picks to make this sort of move this week. Entering Tuesday’s games, Utah holds a 15-35 record, which is the sixth-worst mark in the NBA.

However, the move for Jackson suggests first-year president of basketball operations Austin Ainge and the Jazz are preparing to take a step forward next season. League sources tell Tony Jones of The Athletic (Twitter link) that the team doesn’t plan to trade forward Lauri Markkanen and still wants to re-sign center Walker Kessler in restricted free agency this summer. Utah envisions a frontcourt made up of Markkanen, Jackson, and Kessler, Jones explains.

Third-year guard Keyonte George and 2025 lottery pick Ace Bailey are among the other long-term building blocks in Utah, where the Jazz still control at least one first-round pick in every future draft, starting in 2026. Notably, that 2026 first-rounder will be sent to Oklahoma City if it lands outside the top eight — the Jazz are still in a fairly strong position to hang onto it, since there’s a 4.5-game gap between them and the NBA’s seventh- and eighth-worst teams (the 18-29 Bucks and 19-30 Mavericks).

As for the Grizzlies, we’d heard for weeks that they were open to trading two-time All-Star Ja Morant, but it wasn’t clear whether they intended to retool around Jackson or fully rebuild around a younger core headlined by Cedric Coward, Zach Edey, and Jaylen Wells. Now we have our answer.

While Clayton and Hendricks are just 22 years old and could carve out places in the Grizzlies’ long-term plans, the return for Jackson is primarily about adding three more first-round picks to an ever-growing collection of draft assets and creating additional cap flexibility in the present and future. The Grizzlies now control 12 first-rounders in the next 12 drafts, notes Yossi Gozlan of The Third Apron (Twitter link).

Jackson renegotiated and extended his contract with Memphis last offseason and will earn $205MM over the next four years after this one. He’s the only player of the eight involved in this trade who is owed guaranteed money beyond next season, and taking on his long-term deal will likely eliminate Utah’s cap room this summer.

In terms of 2025/26 money, Utah will be taking advantage of its significant breathing room below the luxury tax line by increasing its payroll by more than $18MM — the Jazz are sending out a combined $27.5MM in salary and taking back roughly $45.8MM.

As Gozlan tweets, the Jazz will use their four outgoing players to legally match Jackson’s $35MM cap hit, then take the other three incoming players into existing traded player exceptions (or their mid-level, if they prefer to preserve their bigger TPE).

Memphis, meanwhile, will create a record-setting trade exception worth nearly $28.9MM, per ESPN’s Bobby Marks (Twitter link).