Tillery: Grizzlies & Pondexter Reach Deal for Four-Year Extension

After dropping the season opener to the San Antonio Spurs 101-94, some good news has arisen for the Memphis Grizzlies via Ronald Tillery of the Commercial Appeal.

Griz expected to sign Pondexter to a 4-year extension tomorrow before deadline, per source. Ed Davis unlikely because sides are far apart

— Ronald Tillery (@CAGrizBeat) October 31, 2013

This is great news as Quincy Pondexter is coming off a 13 point, 4 assist performance. The money hasn't been revealed, but many think his current talents and ceiling as a player could net him a deal similar to what Tony Allen received this past summer, making $16-$20 million over the course of the deal.

Pondexter, acquired in 2011 trade that sent Greivis Vasquez to the New Orleans Pelicans, had a career-year last season, posting a career-high in points (6.4), three-point percentage (39%) and PER (11.0). Quincy's coming-out party came against the Spurs in the Western Conference finals where he 15.3 points and 3.3 rebounds all while shooting 48 percent from three.

On the latter end of Tillery's tweet is that Davis and the front office were far apart on a deal. Davis'll hit the market this summer as a restricted free agent giving themselves a chance to get a feel on the market for the supposed "power forward of the future". Hopefully Jason Levien and company doesn't go all Chris Wallace-Rudy Gay and outbid themselves only to put the franchise in a bind a few years from now.