Quincy Pondexter and the Memphis Grizzlies have agreed upon a four-year, $14 million extension.

Pondexter was the 26th overall pick in the 2010 NBA Draft out of Washington.

Pondexter averaged 8.9 points on 48.9 percent shooting from the floor in 23.9 minutes per game in the playoffs last season.

The NBA has fined Ed Davis $15,000 for excessive and unnecessary contact on Donatas Motiejunas during a preseason game.

The incident occured on Oct. 25 in a contest between the Memphis Grizzlies and Houston Rockets.

The Memphis Grizzlies have waived Andre Barrett, Melvin Ely, Tony Gaffney and Willie Reed, the team announced.

Barrett (5-10, 172) logged two minutes in his lone preseason appearance on Oct. 20 at Atlanta.

Ely (6-10, 260) averaged 1.3 points and 0.7 rebounds in 6.2 minutes in three preseason games after signing with the Grizzlies on Sept. 29.

Gaffney (6-8, 213) registered 2.0 points and 2.9 rebounds in 10.7 minutes in seven preseason games after signing with Memphis on Sept. 29.

Reed (6-10, 220) posted 2.6 points and 1.0 rebounds in 6.4 minutes in five preseason games after signing with Memphis on April 17.

Mike Miller is strongly considering filing a lawsuit against the Miami Heat because he believes the franchise bears some responsibility for him being swindled by a con man, according to attorney Andrew Fine.

Miller, who now plays for the Memphis Grizzlies, lost $1.7 million in a scam allegedly orchestrated by Haider Zafar.

Heat employee Stephen Weber introduced Miller to Zafar, and Zafar used $700,000 of the money he stole from Miller to pay for courtside Heat tickets.

Settlement talks between Miller and the Heat have stalled. Miller asked for that $700,000 back from the Heat, plus attorney’s fees, but “the parties were far apart,” Fine said.

In the potential lawsuit, Miller is seeking the entire $1.7 million that he lost in Zafar’s scam. Current Heat players James Jones and Rashard Lewis also were reportedly defrauded in a scam but are not pursuing claims against the team.

Miller was released by the Heat under the amnesty provision in the offseason and signed a free agent deal with the Memphis Grizzlies.

Ed Davis' representatives and the Memphis Grizzlies have been discussing a contract extension this month, according to sources.

It remains to be seen whether negotiations reach a serious stage.

Davis ranks as the sleeper of this extension class after he was barely used by former Memphis coach Lionel Hollins upon arriving in Memphis in late January as part of the Rudy Gay trade.

Robert Pera challenged Michael Jordan to a charity game of one-on-one.

Pera is the 35-year-old owner of the Memphis Grizzlies.

“I think that’s comical,’’ Jordan said. “It didn’t make any sense. Why would I play one-on-one? It’s a no-win situation for me no matter what.”