The Grizzlies have re-signed point guard Mike Conley to a multi-year contract.
The agreement came together early in free agency but the signing just became official today.
The deal is reportedly a $153 million dollar contract, over five years.
The Grizz are paying a ton of money in this. Even by new cap standards. Conley is a very good point guard, sometimes a star, but not a dominant player. But they obviously felt it was better to pay big than to lose him and get nothing in return.
Selected by the Grizzlies with the fourth overall pick in the first round of the 2007 NBA Draft, Conley (6-1, 175) has spent all of his nine NBA seasons with Memphis. The 28-year-old has appeared in 637 regular season games (608 starts) and holds career averages of 13.6 points, 2.9 rebounds, 5.6 assists and 1.51 steals in 32.5 minutes while shooting 44.0 percent from the field, 37.3 percent from three-point range and 80.6 percent from the free throw line. Last season, Conley posted averages of 15.3 points, 2.9 rebounds, 6.1 assists and 1.20 steals in 31.4 minutes while shooting 42.2 percent from the field, 36.3 percent from three-point range and 83.4 percent from the free throw line.
In the Grizzlies’ career record books, Conley ranks first in games played (637), minutes played (20,693), assists (3,578) and steals (963); and second in points (8,635) and three-point field goals made (736) and attempted (1,972).
Conley has led Memphis to six of the franchise’s nine trips to the NBA Playoffs, including its first-ever Western Conference Finals appearance in 2012-13, and the Grizzlies’ current run of six consecutive postseason berths is the third-longest active streak in the league. He has competed in 50 career playoff games (all starts) and has averaged 15.5 points, 3.7 rebounds, 6.7 assists and 1.42 steals in 37.4 minutes. Among his most memorable postseason moments, he led all scorers with 22 points in a road win over the Golden State Warriors in Game 2 of the 2015 Western Conference Semifinals in his return from a serious facial injury sustained in the first round, which required surgery and forced him to play with a protective mask through the remainder of the playoffs.
Conley has accumulated several accolades for his work both on and off the court during his career. Conley earned NBA All-Defensive Second Team honors in 2012-13 after leading all NBA players and setting a Grizzlies single-season franchise record with 174 steals. Most recently, he was the recipient of the Joe Dumars Trophy as the winner of the 2015-16 NBA Sportsmanship Award, his second career honor (2013-14), and joined Grant Hill (three times) and Jason Kidd (twice) as the only multiple winners since the award’s inception in 1995-96. He also was a finalist for the 2015-16 Season-long NBA Cares Community Assist Award after winning the monthly award in January 2016 for his Jr. NBA work in the Memphis community, ongoing fundraising efforts for Methodist Healthcare Foundation, namely the Methodist Sickle Cell Center, and the advent of his signature Shoe Up! with Mike Conley program for youth.
Conley was drafted by Memphis following his freshman season at The Ohio State University, where he was named First Team All-Big Ten by the media and led the Buckeyes to the 2007 NCAA National Championship Game. Conley remains a supporter of Ohio State, donating $500,000 to the university’s men’s and women’s basketball programs in 2013. The school since has renamed its basketball weight room the Mike Conley Jr. Strength and Conditioning Room.
Growing up in Indianapolis, Ind., Conley was named a 2006 McDonald’s All-American as a senior at Lawrence North High School, where he teamed with 2007 No. 1 overall NBA draft pick Greg Oden to lead the team to three straight state championships and an overall record of 103-7 in his four years as the starting point guard.