Desmond Bane agreed to a five-year, $207 million contract extension with the Grizzlies on Friday, ESPN's Adrian Wojnarowski reports.

Desmond Bane underwent a successful procedure Tuesday to address a fracture of the medial sesamoid bone in his right big toe and is expected to make a full recovery ahead of the 2023-24 campaign.

Desmond Bane notched 15 points (5-16 FG, 2-6 3Pt, 3-4 FT), five rebounds, two assists and one steal in 37 minutes during Friday's 125-85 loss to the Lakers in Game 6 of the Western Conference Quarterfinals.

Desmond Bane posted 33 points (12-21 FG, 4-9 3Pt, 5-6 FT), 10 rebounds and five assists over 43 minutes during Wednesday's 116-99 victory over the Lakers in Game 5 of the Western Conference Quarterfinals.

Desmond Bane chipped in 36 points (13-29 FG, 3-12 3Pt, 7-7 FT), seven rebounds, three assists and one steal over 47 minutes during Monday's 117-111 overtime loss to the Lakers in Game 4 of the Western Conference Quarterfinals.