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Memphis Grizzlies — 2025-26 Start of Season Analysis
Memphis Grizzlies

Memphis Grizzlies

2025-26 Start of Season Analysis  ·  Western Conference  ·  Southwest Division  ·  NBA

2024-25 End of Season Recap

The 2024-25 Memphis Grizzlies delivered a 48-34 campaign that proved this franchise's competitive window is still open — even if the postseason revealed how far they remain from the conference's elite. After a lost 2023-24 season marred by Ja Morant's suspension and injuries across the roster (27-55), Memphis surged back with a 21-win improvement that ranked among the NBA's best year-over-year turnarounds. They finished 8th in the Western Conference and 2nd in the Southwest Division, clawing through the play-in tournament to earn a postseason berth.

The engine was pace and volume. Memphis led the league in pace (103.3, 1st) and ranked 2nd in scoring at 121.7 PPG — an offensive machine that bludgeoned opponents in transition. The 117.7 offensive rating (6th) and +4.7 net rating (6th) were elite, and the defense surprised at a 113.0 defensive rating (10th) anchored by Jaren Jackson Jr.'s rim protection. The tradeoff was turnovers — 15.7 per game (26th) — a byproduct of the breakneck tempo. The shooting was efficient: 47.9% FG (5th), 36.7% from three (8th), and 78.6% FT (13th). The rebounding was dominant at 47.3 RPG (3rd), and the ball movement generated 28.4 APG (5th).

Category2024-25 StatNBA Rank
Record48-348th in West
Points Per Game121.72nd
Opponent PPG116.924th
Net Rating+4.76th
Offensive Rating117.76th
Defensive Rating113.010th
FG%47.9%5th
3P%36.7%8th
FT%78.6%13th
RPG47.33rd
APG28.45th
TOV/G15.726th
Pace103.31st

The individual stories told the comeback tale. Ja Morant returned from his 25-game suspension carryover and a torn labrum to average 23.2 PPG and 7.3 APG in 50 games — electric when available, but "when available" remained the qualifier. Jaren Jackson Jr. anchored both ends with 22.2 PPG on 48.8% FG and 37.5% from three across 74 games, confirming his status as a two-way franchise cornerstone. Desmond Bane delivered a career-best 19.2/6.1/5.3 line before the offseason trade to Orlando. The depth was real: Santi Aldama (12.5 PPG), rookie Jaylen Wells (10.4 PPG, All-Rookie), and Scotty Pippen Jr. (9.9 PPG, 4.4 APG) all contributed beyond expectations.

2024-25 Postseason

First Round Exit

Memphis navigated the play-in tournament with a split — a 121-116 loss to Golden State followed by a decisive 120-106 victory over Dallas to clinch the No. 8 seed. The reward: a date with the No. 1 overall seed Oklahoma City Thunder.

RoundOpponentResultKey Moment
Play-In (7/8 Game)Golden State WarriorsL, 116-121Morant scored 31 but Curry proved decisive late
Play-In (8/9 Game)Dallas MavericksW, 120-106JJJ dominated with 28 pts, clinched 8 seed
WC First Round — Game 1@ OKC ThunderL, 80-131Historic 51-point loss — worst Game 1 defeat in playoff history
WC First Round — Game 2@ OKC ThunderL, 99-118SGA dropped 34, Grizzlies outclassed again
WC First Round — Game 3vs. OKC ThunderL, 108-114Competitive at home but couldn't close
WC First Round — Game 4vs. OKC ThunderL, 115-117Heartbreaking 2-point loss, swept 0-4

The Game 1 obliteration (80-131) was historic — the worst opening-game defeat in NBA playoff history. Memphis looked shellshocked, and the 51-point margin exposed the gap between a talented-but-inconsistent 8 seed and the league's most complete team. Games 3 and 4 at FedExForum were more competitive — the Grizzlies lost by 6 and 2, respectively — but the damage was done. The sweep confirmed what the regular season hinted at: Memphis has the talent to be dangerous but lacks the depth, defensive consistency, and postseason experience to challenge the Western Conference's true contenders.

The postseason exposed two critical vulnerabilities: Morant's durability (he played through the series but looked compromised) and half-court offense execution against elite defenses. OKC's switching scheme neutralized Memphis's transition game and forced them into isolation possessions they couldn't sustain over a seven-game series. These are the problems the offseason needed to address.

2024-25 Roster Performance

The Grizzlies' 2024-25 roster was top-heavy but surprisingly deep. Morant and Jackson Jr. combined for 45.4 PPG when both were available, and the supporting cast punched above its weight class. The emergence of Jaylen Wells as an All-Rookie wing and Scotty Pippen Jr. as a reliable backup point guard gave Memphis hope that the next generation is ready to contribute. The losses of Desmond Bane (traded to Orlando) and Marcus Smart (traded to Washington midseason) remove two key veterans from the equation heading into 2025-26.

PlayerPPGRPGAPGFG%3P%GPNotes
Ja Morant23.24.17.345.4%30.9%50Electric when healthy, missed 32 games
Jaren Jackson Jr.22.25.62.048.8%37.5%74Two-way anchor, max extension earned
Desmond Bane19.26.15.348.4%39.2%69Traded to Orlando for KCP + picks
Santi Aldama12.56.42.948.3%36.8%65Stretch-big breakout, re-signed 3yr/$52.5M
Jaylen Wells10.43.41.742.5%35.2%79All-Rookie Team, immediate impact wing
Scotty Pippen Jr.9.93.34.448.0%39.7%79Reliable backup PG, 39.7% from three
Zach Edey9.28.31.058.0%34.6%66Rookie center, dominant rebounder
Marcus Smart8.72.33.735.8%32.2%19Traded midseason to Washington

Jackson Jr. was the team's most reliable player — 74 games, elite two-way production, and a 37.5% clip from three that stretched defenses and opened driving lanes for Morant. His 22.2 PPG on 48.8% FG confirmed he's a franchise cornerstone worth the max extension. Morant's 23.2/7.3 line in 50 games was vintage Ja — explosive, creative, impossible to contain in transition — but the 50-game ceiling is the recurring problem. He's played just 79 games across the last three seasons, and the franchise's championship window depends entirely on his availability.

Bane's departure is the biggest loss. His 19.2 PPG on 48.4% FG and 39.2% from three represented elite spacing, secondary playmaking, and reliable shot creation — exactly the things Memphis will miss most. Aldama's breakout (12.5/6.4/2.9 on 36.8% from three) made him the most efficient stretch-big on the roster, and Wells showed the poise and shooting touch of a future starter. Edey's 8.3 RPG as a rookie hint at a dominant rebounder who simply needs more court time to develop.

Offseason Moves

GM Zach Kleiman orchestrated a bold retool this offseason, pivoting from the original Morant-Bane-JJJ "Big Three" construct toward a more flexible, draft-capital-rich model. The Desmond Bane trade to Orlando was the centerpiece — a calculated bet that future assets and positional versatility outweigh the immediate production of a 20-PPG scorer. The midseason Marcus Smart trade to Washington cleared cap space and signaled a new direction. The coaching change — Tuomas Iisalo replacing Taylor Jenkins — was the final piece of a franchise-wide reset.

MovePlayerDetails
Trade (w/ ORL)Desmond Bane (out)To Orlando for KCP, Cole Anthony (bought out), No. 16 pick, 2026/2028/2030 1sts, 2029 swap
Trade (w/ POR)Cedric Coward (in)No. 11 pick via Portland — sent No. 16 pick (Yang Hansen) + ORL 2028 1st
Midseason Trade (w/ WAS)Marcus Smart (out)To Washington for Bagley III + picks — cleared $21.6M in cap space
ExtensionJaren Jackson Jr.Max veteran extension — franchise cornerstone locked in
Re-signed (FA)Santi Aldama3yr/$52.5M — key stretch-big retained
Signed (FA)Ty Jerome3yr/$27.6M (3rd-yr player option) — playmaking depth
Re-signedCam Spencer4yr/$10M — guard depth, shooting
Signed (FA)Jock Landale1yr minimum — veteran center depth
Draft (No. 11)Cedric CowardSG/SF — high-upside two-way wing, acquired via Portland trade
Draft (No. 48)Javon SmallTwo-way contract — guard depth, G League development
Draft (No. 59)Jahmai MashackG League — defensive specialist, Tennessee product
Departed (trade)Desmond BaneTo Orlando — 19.2 PPG, franchise's best shooter
Departed (trade)Marcus SmartTo Washington — defensive leader, cap casualty
Departed (trade)Jake LaRaviaTo Sacramento — part of Smart three-team deal

The Bane trade is the most consequential move. Memphis sacrificed 19.2 PPG and their best floor spacer (39.2% from three) for Kentavious Caldwell-Pope (veteran 3-and-D wing, championship pedigree), a lottery pick that became Cedric Coward, and a haul of future first-round picks. It's a clear win-later move — the Grizzlies are banking on Coward's development and the pick capital to either develop homegrown talent or execute another franchise-altering trade in the future.

The JJJ max extension signals who Memphis is building around. The Aldama re-signing (3yr/$52.5M) rewards his breakout and keeps the best stretch-big in the building. Ty Jerome (3yr/$27.6M) adds shot creation and playmaking depth that the roster desperately needs after losing Bane and Smart. And the coaching change to Tuomas Iisalo — a championship-winning European coach who emphasizes speed, connectivity, and defensive pressure — brings a fresh philosophical approach to a roster in transition.

2025-26 Analysis

Forward-Looking

The 2025-26 Grizzlies are a high-variance team in transition: still built around Ja Morant and Jaren Jackson Jr., but retooled with younger, more versatile pieces after trading Desmond Bane and Marcus Smart. The ceiling is a top-6 seed and home-court advantage in the first round. The floor — if Morant's health fails again — is a lottery team. Everything hinges on availability and how quickly Iisalo's system takes hold.

Projected Starting Lineup

#PlayerPos2024-25 Key StatsRole
1Ja MorantPG23.2 / 4.1 / 7.3, 45.4% FG, 30.9% 3PFranchise point guard, offensive engine
2Kentavious Caldwell-PopeSG10.8 / 2.4 / 1.5, 44.5% FG, 37.1% 3P (ORL)Veteran 3-and-D, championship pedigree
3Jaylen WellsSF10.4 / 3.4 / 1.7, 42.5% FG, 35.2% 3PSophomore wing, All-Rookie, expanded role
4Jaren Jackson Jr.PF22.2 / 5.6 / 2.0, 48.8% FG, 37.5% 3PTwo-way franchise cornerstone, max extension
5Zach EdeyC9.2 / 8.3 / 1.0, 58.0% FGRim protector, elite rebounder, year-2 leap

This is a fascinating starting five. Morant-JJJ remains one of the most dynamic duos in the NBA when healthy — Morant's transition speed and JJJ's shooting/rim protection create a unique two-man game. Caldwell-Pope replaces Bane's shot creation with championship-tested defense and floor spacing. Wells steps into a larger role as a sophomore after an All-Rookie campaign. And Edey — the 7'4" center — gives Memphis a physically imposing rim presence that they lacked in the playoff series against OKC. The concern is obvious: spacing. Without Bane's 39.2% from three, the floor is tighter, and Morant's 30.9% three-point shooting puts pressure on everyone else to compensate.

Key Bench Players

PlayerPosAgeRole
Scotty Pippen Jr.PG24Backup PG, playmaker, 39.7% 3P — Morant insurance
Santi AldamaPF/C24Stretch-big, 12.5/6.4 — can play 4 or 5
Cedric CowardSG/SFRLottery pick (No. 11), high-upside two-way wing
Ty JeromePG/SG28Shot creator, playmaking insurance, 3yr/$27.6M
Vince Williams Jr.SF/SG24Defensive wing, versatile defender
Brandon ClarkePF28Energy big, finishing around the rim
Cam SpencerSG24Shooting depth, 4yr/$10M — floor spacer

The bench is deeper than it appears. Pippen Jr. is the most important reserve — his 9.9/4.4 line with 39.7% three-point shooting gives Memphis a legitimate backup point guard who can run the offense when Morant sits. Aldama is a matchup weapon who can play the 4 or 5 and stretch the floor with his 36.8% from deep. Cedric Coward is the wild card — the No. 11 pick is a raw but tantalizing two-way wing whose development could define whether this retool succeeds. Jerome adds veteran shot creation, and Williams Jr. provides defensive versatility.

Coaching & Scheme

Tuomas Iisalo takes over as head coach after a successful interim stint at the end of 2024-25 — the franchise's first Finnish-born coach and a decorated European tactician. Iisalo won back-to-back Bundesliga Coach of the Year awards in Germany, captured the 2023 FIBA Champions League with Bonn, and led Paris Basketball to the EuroCup championship with the competition's best offense and an unprecedented 25-game winning streak. His mantra: "Speed kills."

The system is built on relentless pace, defensive pressure, and connectivity. Iisalo's Memphis will push the ball harder than Jenkins's already-fast squads, emphasize transition defense turning into transition offense, and demand constant ball and player movement in the half-court. The European influence shows in the defensive scheme: aggressive switching, full-court pressure, and an emphasis on turning defensive stops into easy baskets. Ja Morant has called Iisalo's practices "the most intense I've experienced" — a telling endorsement from a player who thrives at maximum speed. The scheme perfectly fits the roster's athletic profile: Morant's explosiveness, JJJ's versatility, Edey's rim presence, and a wing corps built for switchable defense.

Projection

Projection systems see the 2025-26 Grizzlies as a play-in team with playoff upside — a reflection of the talent ceiling (Morant + JJJ is a top-10 duo when healthy) vs. the availability floor (Morant has played 79 games across the last three seasons). The Bane trade costs them roughly 5-7 wins of immediate production, but the range of outcomes is extraordinarily wide.

SystemProjected WinsNotes
ESPN BPI~40-427th-10th in West; Morant health is the swing factor
BetMGM Win Total39.5Over -125 / Under +105
DraftKings39.5Consensus line across major books
Consensus Range~39-44Wide variance; 44+ if Morant plays 70 games
ESPN BPI Wins
~41
Betting Line (O/U)
39.5
Playoff Odds
~30-40%
Play-In Odds
~55-60%
Championship
+15000

The 39.5 win total is the sharpest line on the board — and it's essentially a referendum on Ja Morant's health. If Morant plays 65+ games, Memphis is a 44-46 win team and a legitimate top-6 seed. If he misses 30+ games again, the Grizzlies are looking at 34-36 wins and a lottery trip. There is very little in-between. The over (-125) is juiced slightly, reflecting the market's belief that the talent is there if the bodies hold up.

The Betting Angle: Memphis at +15000 to win the championship is a long shot with a whiff of value — you're betting on a fully healthy Morant-JJJ pairing, which the league has barely seen for two years. The +1100 to win the Southwest Division is interesting but requires Houston to collapse, which seems unlikely with Durant. The real play is the win total over 39.5 at -125 — the Grizzlies won 48 games last year, and while they lost Bane, they return their two best players, added a capable starter in KCP, and have a coaching upgrade in Iisalo. The over needs Morant to play ~60 games and JJJ to stay healthy. That's not a certainty, but it's a reasonable bet.

Key Risks

1. Ja Morant's Availability

The single biggest variable in the NBA. Morant has played just 79 games across the last three seasons — a torn labrum, a 25-game suspension, and recurring soft-tissue injuries have limited the most explosive point guard in basketball. Memphis's entire ceiling depends on him being healthy. If he misses 25+ games again, the Grizzlies are a play-in team at best.

2. Losing Desmond Bane's Spacing

Bane's 19.2 PPG on 39.2% from three was the best floor-spacing production on the team. Without him, Memphis's half-court offense loses its most reliable perimeter threat. Morant's 30.9% three-point shooting means defenses can pack the paint, and KCP's 10.8 PPG does not replace Bane's shot creation. The spacing math doesn't add up unless Wells or Aldama take significant leaps.

3. New Coaching System Integration

Tuomas Iisalo is a proven winner in European basketball, but transitioning to the NBA is a different challenge entirely. A new system requires buy-in, adjustment time, and patience — all in short supply when you're competing for a playoff spot in the deepest conference in basketball. Early-season growing pains could dig Memphis into a hole they can't climb out of.

4. Turnover Epidemic

Memphis committed 15.7 turnovers per game (26th) in 2024-25, and Iisalo's system pushes the pace even harder. More possessions at higher speed means more opportunities for careless turnovers. Against elite defenses — OKC, Houston, Minnesota — turnovers become transition points for the opposition. The playoff sweep exposed this weakness in high-definition.

5. Western Conference Arms Race

Houston added Kevin Durant. San Antonio added De'Aaron Fox. Dallas drafted Cooper Flagg. OKC is the defending champion. Minnesota still has Anthony Edwards. The Western Conference has never been deeper, and 39 wins might only get you the 11th seed. Memphis's path to the playoffs runs through a gauntlet that punishes any stretch of inconsistency.

Key Upside Scenarios

1. Healthy Ja Morant Plays 65+ Games

When Morant is on the floor, Memphis has a +8.2 net rating — elite by any standard. If he plays 65-70 games, the Grizzlies are a 44-46 win team and a legitimate top-6 seed. A fully healthy Morant averaging 24/8 puts Memphis back in the conversation as a dark-horse contender in the West.

2. Jaylen Wells's Sophomore Breakout

Wells showed All-Rookie poise at 10.4 PPG with 35.2% from three. If the sophomore leap pushes him to 15+ PPG with improved efficiency, Memphis replaces a meaningful chunk of Bane's production internally. Wells has the length, shooting touch, and defensive instincts of a future All-Star wing — the question is whether year 2 is too soon for that jump.

3. Zach Edey's Year-2 Leap

The 7'4" center averaged 8.3 RPG as a rookie on 58% FG. If Edey develops into a 14/10 double-double machine with improved defensive awareness, Memphis has a physically dominant center who changes how opponents attack the paint. His partnership with JJJ — Edey protecting the rim while JJJ roams as a help defender — could be the league's best frontcourt combination.

4. Iisalo's System Unlocks the Roster

Iisalo's European pedigree — EuroCup championship, 25-game win streak — suggests a coach who maximizes talent through system and preparation. If his "speed kills" philosophy takes hold early, Memphis could transition faster, defend harder, and generate more easy baskets than any team in the league. The roster's athleticism is tailor-made for his system.

5. Draft Capital Jackpot: Cedric Coward

The No. 11 pick is a long, athletic two-way wing with lottery-level upside. If Coward contributes immediately — even 8-10 PPG with plus defense — the Bane trade looks brilliant in hindsight. Memphis still holds multiple future first-round picks from the Orlando deal, meaning the retool could yield both immediate and long-term dividends.

Southwest Division Landscape

Team2025-26 Proj. WinsDivision OddsKey Factor
Houston Rockets52-55-210Added Kevin Durant, title contender, deepest roster
San Antonio Spurs44-47+420Wembanyama + De'Aaron Fox, massive upside
Dallas Mavericks39-44+850Cooper Flagg (No. 1 pick), retooling around youth
Memphis Grizzlies39-44+1100Morant health is everything, roster in transition
New Orleans Pelicans30-33+6000Rebuilding, Zion uncertainty, low expectations

The Southwest Division is Houston's to lose. The Rockets added Kevin Durant to an already-loaded roster — with Jalen Green, Amen Thompson, Alperen Sengun, and now KD, Houston is a legitimate Finals contender and the overwhelming division favorite at -210. San Antonio is the most intriguing team in the division: Victor Wembanyama plus De'Aaron Fox is a franchise-altering pairing, and the Spurs' ceiling is a top-4 seed if everything clicks. Dallas is retooling around Cooper Flagg (the No. 1 overall pick) and a revamped roster after the Kyrie Irving era.

Memphis occupies a fascinating middle ground — they're the third or fourth-best team in a five-team division, but the gap between their floor and ceiling is the widest in the group. At +1100, the division odds reflect the reality that Houston needs to collapse for Memphis to win the Southwest, which is unlikely. But the Grizzlies' talent ceiling is higher than Dallas's and potentially competitive with San Antonio's. If Morant plays 65+ games, Memphis is in the 42-44 win range and fighting for a top-6 seed. If his health fails again, they're competing with the Pelicans for the basement. That volatility is the defining feature of this team.

Impact Players

6 Key Names

These six players will most directly determine whether the 2025-26 Grizzlies are a legitimate playoff contender or a lottery-bound team in transition — and whether the Bane trade was genius or premature.

Ja Morant

PG
The most electric point guard in basketball — when healthy. His 23.2/7.3 line in just 50 games torments projection models. Memphis's entire season is a function of how many games Morant plays.
Bull Case
65+ games, 25/8, All-NBA — Memphis is a top-6 seed and dark-horse contender
Bear Case
Misses 30+ games again, body breaks down — franchise faces existential questions about $197M investment

Jaren Jackson Jr.

PF / C
The franchise's most reliable star. His 22.2/5.6 on 48.8% FG and 37.5% from three makes him one of the NBA's best two-way bigs. The max extension says Memphis's future runs through JJJ.
Bull Case
24/7, DPOY candidate, All-NBA — becomes the team's undisputed alpha when Morant is out
Bear Case
Foul trouble persists (4.1 PF/G), offensive burden too heavy without Bane — 19/5 regression

Jaylen Wells

SF
All-Rookie wing entering year 2. Wells's 10.4/3.4/1.7 line with 35.2% from three was a revelation. With Bane gone, he's being asked to step into a starter's role at 22 years old — the biggest developmental ask on the roster.
Bull Case
15/5 with 38% 3P, fills Bane's spacing role — sophomore star emerges, retool looks smart
Bear Case
Sophomore wall, efficiency drops, 9/3 — too much too soon, spacing crisis deepens

Zach Edey

C
The 7'4" center averaged 8.3 RPG on 58% FG as a rookie. His physical dominance is undeniable — the question is whether his footwork, defensive awareness, and conditioning can keep pace with the NBA's speed for 30+ minutes a night.
Bull Case
14/11 double-double, top-10 rebounder — Edey-JJJ frontcourt becomes league's most imposing
Bear Case
Gets played off the floor in small-ball matchups, 8/7 stagnation — minutes shrink as Aldama excels

Kentavious Caldwell-Pope

SG
Two-time NBA champion (LAL 2020, DEN 2023), elite 3-and-D wing. KCP doesn't replace Bane's shot creation, but his defense, spacing, and postseason experience are exactly what a young team needs.
Bull Case
13/3 with 39% 3P, defensive anchor — championship DNA elevates the entire culture
Bear Case
Age-related decline (32), 8/2 on declining shooting — a placeholder, not a difference-maker

Cedric Coward

SG / SF
The No. 11 pick is the future the Bane trade was designed to deliver. A long, athletic two-way wing with lottery-level tools. Coward's development timeline will determine whether the retool was worth the short-term sacrifice.
Bull Case
10/4, immediate rotation impact — the Bane trade yields a foundational piece alongside Morant and JJJ
Bear Case
Raw, inconsistent, G League stints — years away from contributing, trade looks premature

Bottom Line

The 2025-26 Grizzlies are the NBA's ultimate volatility play. When Ja Morant and Jaren Jackson Jr. are both on the floor, this is a team capable of beating anyone in the league — their +8.2 net rating together is elite, Iisalo's system maximizes their speed and aggression, and the supporting cast (KCP, Wells, Edey, Aldama) is deeper than the market gives credit for. The projection systems see 39-44 wins with a 30-40% chance of making the playoffs and a ~55-60% shot at the play-in. The floor is 34 wins and a lottery ticket. The ceiling is 46 wins and a home-court first-round advantage.

Win Total O/U
39.5
BetMGM · Over -125
SW Division
+1100
Houston heavy favorite
Championship
+15000
BetMGM
Make Playoffs
+200
Implied ~33%

For bettors, this is a Ja Morant health bet — full stop. The win total over 39.5 at -125 is the sharpest play on the board if you believe Morant plays 60+ games. Memphis won 48 games last year with a similar core; even accounting for the Bane trade, a healthy Morant-JJJ pairing should clear 40 wins in Iisalo's up-tempo system. The under is a bet on Morant's body betraying him again — a reasonable position given the track record. Jaylen Wells MIP at long odds is a sneaky value play — a 22-year-old stepping into a massive role with All-Rookie credentials is the classic MIP profile. The division and championship futures are long shots, but the +1100 SW Division price has a sliver of value if Houston stumbles and the Morant-JJJ pairing stays intact. The real question isn't whether Memphis has the talent — it's whether they have the health, continuity, and time to put it all together under a new coach in the toughest conference in basketball.