The Phoenix Suns have named former player and veteran NBA executive Lance Blanks the club’s general manager, the team announced today.

“After a thorough search, we believe we have found the perfect choice to serve as our general manager,” said Suns President of Basketball Operations Lon Babby. “Lance Blanks is a first-rate talent evaluator, basketball executive and person.  We are thrilled that he will be joining the Phoenix Suns.”

An experienced and successful talent evaluator, Blanks combines the high basketball IQ of a former player with a 10-year track record in the front offices of two of the league’s most successful franchises over the last decade.  The 43-year-old Blanks joins the Suns after spending the last five seasons with the Cleveland Cavaliers as vice president of basketball operations and assistant general manager, a tenure during which the Cavs owned an overall record of 272-138 (.663).

Prior to joining the Cavaliers in 2005, Blanks spent the previous five seasons with the San Antonio Spurs, originally joining the club in 2000 as a scout.  Blanks was then promoted to the role of director of scouting in September 2002.  During his time in the Alamo City, the Spurs won two NBA Championships and drafted Tony Parker and Luis Scola.

The Memphis Grizzlies have signed guard Acie Law, Grizzlies General Manager and Vice President of Basketball Operations Chris Wallace announced today. Per team policy, terms of the deal were not disclosed.

“Acie is a former lottery pick whose offensive skills, ability to drive the basketball, set up his teammates, work hard on the defensive end and excellent work ethic will all help to fortify our backcourt,” Wallace said.

Law, a three-year NBA veteran, was originally selected with the 11th pick overall in the 2007 NBA Draft by the Atlanta Hawks. The 6-3, 202-pound guard has averaged 3.7 points, 1.6 assists and 1.0 rebounds in 12.1 minutes in 137 career games (eight starts) with the Hawks, Golden State Warriors, Charlotte Bobcats and most recently with the Chicago Bulls.

The 25-year-old appeared in 26 total games (one start) last season, averaging 4.3 points and 1.0 assists for the Bobcats, Warriors and Bulls, where he recorded a career-high 22 points on 7-of-8 shooting with the Bulls at Dallas on March 17, 2010.

Law earned several accolades during his four-year career at Texas A&M, winning the Bob Cousy Award as the nation’s top guard as a senior in 2006-07. The Dallas, Tex. native was also a consensus All-American in 2006-07 and was named First Team All-Big 12 as a junior and senior.

Memphis’ roster now stands at 14.

The Los Angeles Times reports:

Lakers free agent guard Shannon Brown has agreed to a two-year contract worth about $4.6 million to stay with the team, his agent, Mark Bartelstein, said Thursday.

“Obviously, the process took a while, but Shannon wanted to be here and they wanted him,” Bartelstein said. “Shannon had a number of other opportunities out there, but he had been in L.A. for two years and they won two championships. The chance to go for a three-peat is very special to him.”

Bartelstein said Brown was in “serious talks” with about half a dozen teams throughout the summer, and that he could have made more money elsewhere, but that the allure of a third straight title was too much.

InsideHoops.com editor says: Shannon Brown fact — While the rest of the Lakers fly somewhere, Brown exercises by leaping alongside the plane. This also saves fuel costs.

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