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Ty Jerome Signs Three-Year, $28 Million Deal With Memphis Grizzlies

Luxury tax penalties alongside new guard additions closed the door on Cleveland matching Memphis’ offer.

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Cleveland Cavaliers players Donovan Mitchell, Ty Jerome and Dean Wade
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Overview

  • Jerome agreed to a three-year, $28 million contract with the Grizzlies early in free agency, officially ending his stint with the Cavaliers.
  • He averaged 12.5 points, 3.4 assists and shot 43.9 percent from three-point range en route to finishing third in Sixth Man of the Year voting.
  • Cleveland’s projected nearly $240 million in salary commitments put the team more than $21 million over the NBA’s second apron, limiting its ability to match bids.
  • The Cavaliers addressed bench depth by trading for Lonzo Ball, signing Sam Merrill and drafting Tyrese Proctor, reducing their reliance on Jerome.
  • Concerns over his defensive performance in the playoffs against the Pacers factored into Cleveland’s choice to let him explore the market.