For most of NBA history, the announcement of All-NBA teams was a relatively low-stakes event. They existed for bragging rights and posterity. They boosted Hall of Fame cases and gave fans a quick snapshot of who mattered in a given season.

The Grizzlies star narrowly missed his first chance at making All-NBA. He finished with the second most votes of players who didn't qualify. Out of a media panel of 100 voting members, Jackson received one vote for the second team and 52 votes to make third-team All-NBA.

The All-NBA team selections came out Friday and this determined which players are eligible for higher-valued contracts.