Cam Spencer and the Memphis Grizzlies have agreed to a restructured contract worth $10.5 million over four seasons with three fully guaranteed seasons. Spencer originally agreed to a two-year, $4.5 million deal with the Grizzlies. Spencer is represented by Ross Aroyo, Mark Bartelstein and Torrian Jones.

Spencer averaged 4.2 points, 1.2 rebounds and 1.4 assists in 10.1 minutes across 25 games last season with the Grizzlies.

In eight G League games, Spencer averaged 23.5 points, 3.6 rebounds, 3.5 assists and 1.0 steals in 32.2 minutes.

Spencer was the 53rd overall pick in the 2024 NBA draft out of UConn.