The Grizzlies carry $161.1M in salary, just under the $165.0M cap and far below the $200.4M tax. That leaves no room to sign anyone of size, but plenty to take on money in a trade, and two first-round picks owned outright to help make one.
How much room does Memphis really have?
Under the cap, but only just. Payroll totals $161.1M and the cap is $165.0M, so there is no space to sign anyone of size outright. The tax is a different story. It does not start until $200.4M, and the two aprons come after that at $209.0M and $221.7M. Memphis could take back more salary than it sends in a trade and still stay well clear of all three lines.
What comes off the books after this season?
Taylor Hendricks at $7.8M and Kris Murray at $5.3M are not on the 2027-28 sheet, and neither is Kentavious Caldwell-Pope's $17.7M player option. Two decisions belong to the front office: a $15.0M team option on Isaiah Stewart and a $2.5M team option on Jaylen Wells. The rookie-scale raises are modest. Zach Edey goes from $6.3M to $8.1M, and Cameron Boozer from $11.8M to $12.4M.
What does Jerami Grant's deal mean for the next two years?
Grant is the biggest number on the sheet at $34.2M, and it rises to $36.4M in 2027-28 on a player option. He is 32 on a roster built around teenagers like Boozer and Karim Lopez. That is a lot of money for a veteran on a young team. It is also the one salary big enough to anchor a serious trade if Memphis decides this start deserves a push.
Can the Grizzlies hold on to Ty Jerome?
The first call is his. Jerome makes $9.2M now and holds a $9.7M player option for 2027-28. He put up 28 at Golden State and 31 at Sacramento, and a start like that makes the option look cheap from where he stands. Chris Herrington of the Daily Memphian wrote that there are plenty of questions about Jerome's future here, and none of them are pressing yet.
Which picks can Memphis actually put in a deal?
The clean ones are the 2027 and 2028 firsts, both owned outright. The 2029 and 2030 firsts are tied up in swaps. The seconds are mostly gone: 2027 to Charlotte, 2028 and 2029 to Brooklyn, and a protected 2030 pick to Minnesota. Jake Fischer has reported that Memphis is among the teams exploring trades. If that turns into something, Grant's salary and those two firsts are how it gets done.
Are the Grizzlies over the salary cap in 2026-27?
No. Their payroll is $161.1M, just under the $165.0M cap and well below the $200.4M luxury tax.
Who has the biggest contract on the Grizzlies?
Jerami Grant, at $34.2M this season. He has a $36.4M player option for 2027-28.
