clock menu more-arrow no yes

Filed under:

Grizzlies Extend Mike Conley, 5 years/$40 Million

New, comments

Not many people saw this one coming -- I certainly never thought it would happen.

Because of his solid play in the preseason and early in the year, the Memphis Grizzlies have signed point guard Mike Conley to a large, multi-year extension. The contract is believed to be over 5 years and worth around $40 million.

Over the years Conley has often been a pariah for the Grizz's lack of success. He failed to ever establish himself over the solid, but ultimately limited, Kyle Lowry, and last year often looked worse than his backup Marcus Williams, who is now out of the league.

But this year Conley Jr. has shown the talent that led him to be the Grizzlies 4th overall selection in the 2004 NBA Draft. He's currently averaging 15 points and over 8 assists.

With signing Conley and Rudy Gay to long-term deals, as well as the need to bring back Zach Randolph, the Grizzlies payroll is getting fairly large. While that should quiet the pundits of Michael Heisley's thrifty spending over the past couple years, it also will be challenge going forward since O.J. Mayo and Marc Gasol will also need extensions to keep this team competitive.