Santi Aldama and the Memphis Grizzlies have agreed to a three-year, $52.5 million deal. Aldama was expected to receive significant interest as a restricted free agent. Aldana's qualifying offer was just $5.9 million.

Aldama, who is represented by Max Saidman, Steven Heumann, Aaron Mintz and Austin Brown, averaged 12.5 points, 6.4 rebounds and 2.9 assists to go with a PER of 16.6 last season.

The Grizzlies also signed Jaren Jackson Jr. to a new contract as free agency opened.