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Report: Grizzlies to re-sign Jonas Valanciunas to three-year, $45 million contract

Memphis Grizzlies v LA Clippers

LOS ANGELES, CA - MARCH 31: Jonas Valanciunas #17 of the Memphis Grizzlies handles the ball against the LA Clippers on March 31, 2019 at STAPLES Center in Los Angeles, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2019 NBAE (Photo by Chris Elise/NBAE via Getty Images)

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Jonas Valanciunas declined his $17,617,976 player option with the Grizzlies.

Predictably, he’ll get a lower average salary with more total compensation.

Adrian Wojnarowski of ESPN:

Valanciunas is a capable starting center. He even averaged 20-11-2-2 in 19 games with Memphis after an in-season trade from the Raptors.

But I’m not convinced that production is sustainable over a larger sample. The NBA is also overstocked with solid centers. A $15 million annual salary is high for a middling/low-end starter. To justify this deal, Valanciunas will have to continue to play like he did late last season. And maybe defend better, especially against quicker opponents.

The 27-year-old Valanciunas will likely be a placeholder as Jaren Jackson Jr. and Brandon Clarke develop. It’s worth having a veteran big option, especially because Jackson should play plenty of power forward as he gets stronger.

This is just a lot of money for a player like that.

Barring other moves, Memphis is capped out but not too close to the luxury-tax line. This is a prime opportunity to frontload Valanciunas’ deal. Paying Valanciunas more now probably wouldn’t inhibit the Grizzlies’ flexibility this year but could open doors in future years. Of course, that’d require more real dollars sooner. So, ownership might not go for it.