Anne Arundel County native Cam Spencer has signed a multiyear contract with the Memphis Grizzlies, the team announced Monday.

Spencer inked a four-year deal worth $10.5 million, according to multiple reports. Sources told the Capital Gazette that three of the years are fully guaranteed, while the fourth is a team option.

“The stability of the guaranteed deal means a lot. It is a long-term deal that shows that Memphis believes in me,” Spencer told the Capital Gazette via text message. “Nowhere I’d rather be than Memphis, playing for this organization. I’m fired up and going to go to war for the Grizzles.”

Memphis originally agreed to a two-year contract extension with Spencer, but circumstances allowed for a renegotiation between general manager Zach Kleiman and the player’s representatives with Priority Sports. After trading center Jay Huff and buying out guard Cole Anthony, the Grizzlies had more cap space and could give Spencer a lengthier deal.

“I’m super thankful. I told Zach and Coach Tuomas [Iisalo] that they’re going to get my best every single day,” Spencer said.

Detroit selected Spencer out of Connecticut in the second round (No. 53 overall pick) of the 2024 NBA draft then immediately traded him to Memphis. In 25 games last season, the 6-foot-4, 205-pound combo guard averaged 4.2 points, 1.4 assists and 1.2 rebounds. He shot 41.5% from the field and 35.8% from 3-point range.

The 25-year-old Spencer also started eight NBA G League games for the Memphis Hustle during the Tip-Off Tournament and regular season and averaged 23.5 points, 3.6 rebounds, 3.5 assists and 1.1 steals. He played 32.2 minutes per game and shot 53.8% from the field, 49.3% from 3-point range and 76.5% from the free throw line.

Spencer went off against Birmingham in a Tip-Off Tournament contest, exploding for 51 points on 18-for-25 shooting, including 12-for-15 from beyond the arc.

“I think I proved that I’m someone who can impact winning at a high level,” said Spencer, who played on a two-way contract during his rookie season. “I showed that I can bring shooting, competitiveness and playmaking to the team while also setting a tone for a great culture in the locker room.”

Spencer has been a standout for Memphis in the NBA Summer League, totaling 17 points and four assists in a July 12 victory over Portland and 15 points in a July 11 loss to Boston. The Davidsonville resident was grateful for the work performed by his agents, Mark Bartelstein and Ross Aroyo, for getting the guaranteed deal done.

“Priority Sports has been great in this free agency process. They’ve helped guide me through all of it and their years of experience in the NBA along with their understanding of contracts really helped me secure a great long-term deal,” Spencer told Capital-Gazette.

Spencer, a Boys’ Latin product, began his college basketball career at Loyola Maryland and was a first team All-Patriot League pick as a junior. He transferred to Rutgers for one season and then to Connecticut, where he helped capture the 2024 national championship.

Have a news tip? Contact Bill Wagner at bwagner@capgaznews.com, 443-534-0102 and x.com/@BWagner_CapGaz.

Originally Published: July 15, 2025 at 3:23 PM EDT