In a groundbreaking development, Desmond Bane has reached an agreement on a momentous contract extension with the Memphis Grizzlies. According to Desmond Bane’s agents, the deal is worth a staggering $207 million over the course of five years, making it the most lucrative contract in the history of the Grizzlies franchise. This substantial investment demonstrates the team’s unwavering faith in Bane’s abilities and potential.

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At the age of 25, Bane was selected as the 30th overall pick in the 2020 NBA Draft and has since blossomed into a highly promising player, teetering on the brink of All-Star status. One of his most impressive skills is his remarkable accuracy from beyond the arc, boasting a career three-point shooting percentage of 42.5%. Notably, Bane regularly takes and successfully converts deep and challenging three-point shots. In the 2022-23 season, he attempted an average of 3.5 catch-and-shoot threes per game and 3.3 pull-up threes per game, hitting them at an impressive rate of over 40%. Furthermore, Bane elevated his game by increasing his usage rate to 25.2% and enjoying the most efficient season of his career. While many initially projected him to be primarily a “3-and-D” player during his college years, Bane proved doubters wrong by averaging 21.5 points, 5.0 rebounds, and 4.4 assists in 31.7 minutes per game last season.

Although Bane has yet to earn a spot on an All-Star team, the substantial financial investment in him may appear generous at first glance. However, it is widely believed that it is only a matter of time before he achieves that recognition. Notably, there are very few young players who possess the versatility to excel in both running pick-and-rolls and shooting on the move, making Bane an exceptionally valuable asset for the Memphis Grizzlies. Additionally, his defensive prowess and ability to guard multiple positions further solidify his indispensable role within the team.

According to initial reports, Bane’s contract extension will span five years without any team or player options included. Interestingly, this mirrors the extension signed by Ja Morant, the team’s rising star, last summer. With key players like Morant, Bane, and the reigning Defensive Player of the Year Jaren Jackson Jr. locked into long-term contracts, the Grizzlies have secured the foundation of their core for years to come. While this long-term security is undoubtedly a positive development, it does come at the expense of some financial flexibility in the upcoming offseason. Had Bane not signed the extension, he would have had a relatively modest cap hold of only $11.5 million as a restricted free agent. However, by finalizing the extension early, the Grizzlies have mitigated the risk of another team swooping in with a lucrative offer sheet, ensuring Bane’s continued presence and contributions to the team.

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