The Memphis Grizzlies have signed head coach Dave Joerger to a contract extension.

“I am excited to announce that we have reached an agreement to extend Dave Joerger as the head coach of the Memphis Grizzlies," Robert Pera said in a statement. “Following an open and honest dialogue with Dave, it became clear that Dave was fully committed to Memphis and we are committed to him. I look forward to seeing Dave build upon the foundation he helped establish over the last seven years, and we are both committed to bringing a championship to Memphis.”

Joerger was named Western Conference Coach of the Month twice last season (January and April).

“I am absolutely thrilled to continue as the head coach of the Memphis Grizzlies for years to come,” Joerger said. “I want to thank Robert Pera for believing in me. I look forward to building on the success we experienced this year with our core group of players that I have worked closely with over the past seven years as we work towards our ultimate goal of winning a world championship. I am 100 percent committed to leading the Grizzlies and I could not be more proud to call Memphis home.”

The Memphis Grizzlies and Zach Randolph have begun discussions on a long-term extension, according to sources.

Randolph has until June 30 to trigger a $16.5 million player option for the final season of his contract.

Randolph is extremely popular within the Memphis community and would like to end his career with the franchise.

Randolph has talked directly with Robert Pera in the past week and he and his agent Raymond Brothers sensed a serious commitment to keep Randolph in Memphis with a new deal.

"We have a great level of comfort and trust with Robert Pera and Chris Wallace," Brothers told Yahoo Sports on Monday. "Chris and I have been working together for years. He is a good guy."

Robert Pera and Dave Joerger have patched up their relationship in order for the latter to continue as head coach of the Memphis Grizzlies.

Sources say that that the beginning of the Pera-Joerger problems dates back to September when Pera challenged Tony Allen to a game of one-on-one. Allen accepted the challenge but ultimately lost interest. Sources say Joerger didn't like the idea of the game and Pera directed his anger toward him and directed upper management to fire him.

Said a source familiar with the situation, "He absolutely wanted Dave out."

Pera flew to Memphis to meet with players after the Grizzlies then began the season 2-3. Pera brought up the idea of Joerger wearing an NFL-style headset to take instructions on the sideline.

Matt Lloyd is an early candidate to become general manager of the Memphis Grizzlies.

Lloyd is currently assistant GM of the Orlando Magic and was previously a member of the Chicago Bulls' front office.

The Grizzlies are searching for a replacement for Jason Levien.

Dave Joerger has told the Memphis Grizzlies that he will stay with the team as head coach.

The Grizzlies and Minnesota Timberwolves have hit an impasse over compensation after discussing during the weekend.

The Timberwolves reportedly do not want to pay compensation for a coach who could be let go without a deal.

Joerger has met with both Flip Saunders and Glen Taylor about the Timberwolves' head coaching vacancy.

The Memphis Grizzlies have serious interest in trying to convince Jeff Van Gundy to serve as their next head coach and team president, according to sources.

The Grizzlies are considering pursuing Van Gundy and it is unclear whether the veteran coach would be interested.

The Grizzlies, who recently fired Jason Levien and Stu Lash, are also considering Alvin Gentry and George Karl as head coaching candidates. Dave Joerger is expected to be the new head coach of the Minnesota Timberwolves.

Van Gundy has served as a broadcaster on ESPN since 2007, when he was fired by the Houston Rockets.

Dave Joerger met with Glen Taylor on Saturday and is discussing with his family to accept the Minnesota Timberwolves' coaching job.

Talks between both sides are advancing.

Joerger has also interviewed for the opening with Flip Saunders.

The Memphis Grizzlies will reportedly seek compensation if Joerger decides to join the Timberwolves.

The San Antonio Spurs have been in the lottery just once since 1994, but they made it count by winning it in 1997 to draft Tim Duncan.

The following list is the average pick of every team when they're in the lottery, which is of course dependent on order of finish along with whether they moved up or down.

San Antonio Spurs: 1.0
Chicago Bulls: 3.1
Memphis Grizzlies: 4.2
Atlanta Hawks: 5.1
Los Angeles Clippers: 5.6
Washington Wizards: 5.8
Charlotte Hornets/Bobcats: 6.2
Philadelphia 76ers: 6.4
New Jersey/Brooklyn Nets: 6.5
Minnesota Timberwolves: 6.7
Miami Heat: 6.8
Denver Nuggets: 6.9
Cleveland Cavaliers: 7.1
Toronto Raptors: 7.1
Boston Celtics: 7.5
Milwaukee Bucks: 7.5
Orlando Magic: 7.7
New York Knicks: 7.8
Portland Trail Blazers: 7.9
Detroit Pistons: 7.9
Golden State Warriors: 8.0
Sacramento Kings: 8.1
New Orleans Hornets/Pelicans: 8.4
Seattle SuperSonics/OKC Thunder: 8.5
Dallas Mavericks: 8.6
Los Angeles Lakers: 9.0
Phoenix Suns: 10.5
Utah Jazz: 10.8
Houston Rockets: 10.8
Indiana Pacers: 11.4

The Minnesota Timberwolves have made "significant progress" in their attempts to hire Dave Joerger as their new head coach.

Joerger remains under contract with the Memphis Grizzlies and the two teams have yet to work out compensation details.

The Wolves can offer draft picks and/or cash to Memphis.

One source said Thursday that Joerger landing in his home state with the Wolves is "the way this thing is headed."

Flip Saunders served as a mentor to Joerger when he broke into coaching.

The Minnesota Timberwolves have received permission to interview Dave Joerger, who is currently head coach of the Memphis Grizzlies.

Joerger grew up in Staples, Minnesota and often attended Flip Saunders' practices at Target Center nearly 20 years ago.

According to a source, both Joerger and the Grizzlies want to part ways. Neither party, however, wants to leave money on the table.