The Memphis Grizzlies today exercised the fourth-year team options on forward Rudy Gay and guard Kyle Lowry and picked up the third-year team options on guards Mike Conley and Javaris Crittenton.  Per team policy, financial details were not disclosed. All four players are now signed through the 2009-10 season.

Gay, the eighth overall selection in the 2006 NBA Draft, led all NBA sophomores in scoring last season (team-high 20.1 points per game) and finished runner-up to Orlando’s Hedo Turkoglu for the NBA Most Improved Player Award.  The 6-8, 230-pound forward holds career averages of 15.6 points, 5.3 rebounds, 1.6 assists and 0.96 blocks in 32.1 minutes in 160 career games (125 starts).

Lowry, the 24th overall selection in the 2006 NBA Draft, ranked third among all second-year players in assists last season (3.6), trailing only Portland’s Brandon Roy and Boston’s Rajon Rondo while leading the club in free throw attempts (243).  The 6-0, 205-pound guard holds career averages of 9.1 points, 3.1 rebounds, 3.6 assists and 1.15 steals in 24.5 minutes in 93 career games (nine starts).

Conley, the fourth overall selection in the 2007 NBA Draft, led all NBA rookies in assists last season (team-high 4.2) and posted the highest-assist average for any rookie since the 2005-06 season.  The 6-1, 185-pound guard, who participated in the 2008 T-Mobile Rookie Challenge as part of All-Star Weekend, owns career averages of 9.4 points, 4.2 assists and 2.6 rebounds in 26.2 minutes in 54 games (47 starts) with the Grizzlies.

Crittenton, the 19th overall selection in the 2007 NBA Draft, was acquired by Memphis along with the draft rights to Marc Gasol, Kwame Brown, Aaron McKie, first round draft picks in 2008 and 2010 and cash considerations in exchange for Pau Gasol and a 2010 second round pick on Feb. 1, 2008.  The 6-5, 200-pound guard averaged 5.6 points and 2.2 rebounds in 13.6 minutes in 50 games (zero starts) in his first professional season.