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Guard Desmond Bane, one of the Memphis Grizzlies’ cornerstone players, agreed to a five-year, $207 million max contract extension, ESPN reported late Friday night.

Contract agreements with free agents become official July 6, per NBA rules.

Bane, whose $200 million-plus deal is the first in Grizzlies history, is now locked up long term along with teammates Ja Morant and Jaren Jackson Jr.

Bane, 25, who was the 30th overall pick in the 2020 draft, averaged career highs in points (21.5 per game), rebounds (5.0), assists (4.4) and field-goal percentage (48 percent) in 58 games, all starts, in 2022-23. In his three seasons, Bane has averaged 16.1 points, 4.1 rebounds and 2.9 assists in 202 games (151 starts).

Bane, who has improved his averages in scoring, rebounding and assists every season, has also shot at least 40 percent on 3-pointers in each of his three NBA seasons. His 228 buckets from beyond the arc last season set a franchise record.

After having surgery in May to repair a bone in his right big toe, Bane is expected to be fully recovered before the start of the season. The injury, which he sustained in November, cost him 17 games before he returned to action in December.

–Field Level Media