Jaren Jackson Jr.’s signing of a $239.9 million deal that keeps him under contract for the next five seasons with the Memphis Grizzlies finally became official Sunday, one day after the team reached a buyout agreement with guard Cole Anthony to facilitate the move.

This comes after an ESPN Insider said that the Grizzlies and Jackson were expected to agree on a five-year, $240 million "maximum renegotiation-and-extension."