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Grizzlies Sign Mike Conley To Five-Year Deal

JULY 14th, 3:13pm: The signing is official, the team announced.

JULY 1st, 6:00pm: The Grizzlies and Mike Conley have agreed to a max contract that will pay the point guard $153MM over the next five seasons, Marc Stein of reports (Twitter link). The deal will be the largest in league history.

Justin Ford / USA TodaySports ImagesStein previously reported that Conley and the Grizzlies would have an agreement in place by Saturday morning. Memphis was Conley’s likely landing spot all along, but the point guard had concerns about the team’s roster and wanted to see the front office be aggressive in its attempts to upgrade it. The team’s chances of re-signing the 28-year-old likely increased as a result of signing Chandler Parsons, as the duo reportedly spoken to one another about teaming up in Memphis.

The Mavericks appeared to be Memphis’ biggest threat in the Conley sweepstakes, but after Hassan Whiteside re-signed with Miami, it seemed unlikely that the Ohio State product would wind up in Dallas. The Rockets, Pelicans, Nets and Lakers were also identified as challengers to steal Conley away from the Grizzlies. All five teams will have to look elsewhere for a point guard in free agency.

Photo courtesy of USA Today Sports Images.

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17 thoughts on “Grizzlies Sign Mike Conley To Five-Year Deal

  1. jakesaub

    …Mike Conley?

  2. Z.....

    Highest paid player in the league…for a few hours.

  3. Lefty_Orioles_Fan

    Over 30 million a year… for who? For what?

  4. Nick Ottino


  5. TDKnies

    New salary cap got salaries looking all kind of whack. But hey, this is better than not spending since the trams / league can clearly afford this.

  6. Jeremy

    lol thats crazy for a non top 5 player at his position

    • Tom tom

      wow that’s all I can say wow

  7. 333ddd1

    No. Why? No. No. No.

  8. CursedRangers

    Basketball salaries have officially gotten crazier than baseball salaries. This guy isn’t even a star that makes someone want to go watch a game. Crazy….

    • ChaplinBaseball

      I agree.. I thought the craziest contract was the Marlins giving Giancarlo Stanton $300 million contract… But seeing this.. It’s like wow.. I wonder how much Durant and Lebron will get.. Probably $200 million… Crazy indeed.

      • Z.....

        Its not a 3225 million deal for Stanton. Its 106 million for 6 years. He’ll opt out of the final 7 years/$218 million, which is a bargain. By then, if he stays healthy, he could conceivably double that in free agency

        • ChaplinBaseball

          You seeing how Stanton is performing this year? He”s on track to rack up 200 Ks if everything he swings is for a home run… He def will not opt out leaving that money behind…

          • Z.....

            lol there is still 4 years left on that 6 year deal….Also, Stanton was on fire last year before he got hurt. He has missed a lot of time because of freak injuries in the last couple of years. Everyone knows that when Stanton is slumping, he is really struggling.,…like straight up terrible…but when he breaks out of it, he gets on a nice run. He has started to turn things back around this month, so I wouldnt be worried….

  9. rycm131

    Are NBA teams required to piss away their money this year?

  10. Expensive, much more than I expected, but well deserved. He’s been one of the most underrated players in the league the past few years (up there with Paul Millsap).

    • Z.....

      2 way PG that shoots the 3, and carries a high effieciency rating. Maybe not necessarily worth that much, but Memphis has to max him out. So many teams would be all over him. Thats what happens in a free market

  11. Dean Gant

    And his father is his agent!

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