Vince Williams Jr. and the Memphis Grizzlies have agreed to a contract extension with the most guaranteed money ever given to a player who was on a two-way deal.

On Wednesday, ESPN reported that Williams had signed a three-year, $7.9 million contract that includes an option for a fourth year.

Since being taken with the 47th overall pick out of VCU in 2022, Williams has transformed into one of the NBA’s better wing defenders. And he has done so with Memphis missing star center Steven Adams for parts of last season and this season.

Williams is averaging 5.9 points and 5.1 rebounds so far this season.

In a corresponding move, the Grizzlies released center Bismack Biyombo, but ESPN’s Adrian Wojnarowski reported that its possible the veteran will be brought back.

Before being waived, Biyombo was averaging 5.2 points and 6.4 rebounds this season.

Memphis is 14-23 and sits fourth in the Southwest Division. The Grizzlies are currently on a three-game winning streak.