The Memphis Grizzlies received three first-rounders and overhauled their roster by trading Jaren Jackson Jr. to the Utah Jazz on Tuesday.
ESPN’s Shams Charania first reported the trade.
The deal sent Jackson, John Konchar, Jock Landale and Vince Williams Jr. to the Jazz, according to Charania.
The Grizzlies received Walter Clayton Jr., Kyle Anderson, Taylor Hendricks, Georges Niang and the draft picks, per Charania.
ESPN’s Bobby Marks provided a breakdown of the contracts being moved in the deal:
The Grizzlies also created a $28.8 million trade exception as part of the deal, per Charania and Marks. That’s the largest in NBA history, according to Marks.
The draft capital being moved included the most favorable 2027 first-rounder owned by the Cleveland Cavaliers, Minnesota Timberwolves or Jazz, as well as the Los Angeles Lakers’ 2027 first-rounder and the Phoenix Suns’ 2031 first-rounder, according to NBA insider Jake Fischer.
The Grizzlies now hold 12 first-rounders over the next seven years, tying them with the Brooklyn Nets and Oklahoma City Thunder, per Marks.
The Jazz could now build around a starting lineup of Keyonte George, Ace Bailey, Lauri Markkanen, Jaren Jackson Jr. and Walker Kessler.
The Grizzlies will need to determine both who is replacing Jackson as starting center as well as whether injured point guard Ja Morant will return to Memphis after the deadline.
ClutchPoints’ Brett Siegel reported shortly after the Jackson trade that the Grizzlies have “emerged as a potential suitor” for Toronto Raptors center Jakob Poetl.
Poetl is signed this season at a $19.5 million salary that would fit under the Grizzlies’ newly-created trade exception, per Spotrac.
The Athletic’s Sam Amick reported Tuesday that the Raptors are looking to trade for Sacramento Kings star Domantas Sabonis, but that Toronto would need to find a way to move out Poetl before completing a potential deal.
Amick reported that the Kings aren’t interested in Poetl, who is signed through the 2029-30 season and has more than $100 million remaining on his contract, per Spotrac.
Working out a deal to send Poetl to Memphis could potentially allow the Raptors to free up space for Sabonis.
The Grizzlies could meanwhile grab more draft capital in exchange for taking on Poetl’s contract. The Raptors currently hold their own first-round picks from 2026 through 2032, per Marks.
Especially if Memphis ultimately moves on from Morant, stacking up draft capital will help jumpstart a potential rebuild.
The Jazz will meanwhile hope adding Jackson to a lineup already starring Kessler and Markkanen, in addition to young talent like Keyonte George and Ace Bailey, will help put the team on track to climb back toward postseason contention for the first time since 2022.
Utah is currently sitting at No. 13 in the Western Conference with a 15-35 record so far this season.