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Memphis Grizzlies to re-sign Jonas Valanciunas to 3-year, $45 million extension

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JV remains in Memphis.

NBA: Memphis Grizzlies at Los Angeles Clippers Gary A. Vasquez-USA TODAY Sports

According to ESPN’s Adrian Wojnarowski, C Jonas Valanciunas and the Memphis Grizzlies will agree to a 3-year, $45 million deal once free agency officially starts at 6 PM ET, June 30.

Valanciunas opted out of his current deal over two weeks ago. The Lithiuanian center declined a $17.6 million player option in order to find a long-term deal in free agency. All reporting since that decision indicated that Valanciunas and the Grizzlies wanted to work out a long-term deal, and they have today.

Jonas was acquired from the Raptors alongside Delon Wright and C.J. Miles in the deadline trade that sent Marc Gasol to Toronto. In Memphis, Valanciunas played extremely well as the primary big man and fit in seamlessly with Mike Conley and the rest of the lineup. How he plays with a considerably younger core led by Ja Morant and Jaren Jackson Jr. remains to be seen.

In 19 games as a Grizzly, Jonas Valanciunas averaged 19.9 points-per-game on 54.5% shooting and notched 10.7 rebounds a game.

Memphis locks up a valuable contributor to a reasonable deal as they enter a new era with this rebuild.

Follow @sbnGrizzlies for more updates.