Mike Conley has suffered a transverse process fracture in the vertebrae and will be out indefinitely.

Conley signed a new five-year, $153 million deal with the Memphis Grizzlies in the offseason.

Conley was averaging 19.2 points, 3.6 rebounds and 5.7 assists per game for the Grizzlies to begin the 16-17 season with a career high PER of 23.7.

Conley was limited to 56 games in 15-16 due to an Achilles injury.

Chandler Parsons will miss up to the next two weeks with a bone bruise in his left knee.

Parsons recently returned from his surgically repaired right knee.

The Memphis Grizzlies have announced Parsons will miss Monday's game at Charlotte.

The Dallas Mavericks' front office was unanimous that a long-term commitment to Chandler Parsons would be a poor business decision due to his knee problems.

There also were locker room concerns with Parsons, though they were described as "forgivable, fixable things." The primary concern was Parsons' close relationship with Mark Cuban and that he possessed so much power in personnel matters.

Parsons and Cuban quickly became close after he signed a three-year, $46 million offer sheet. Parsons and Cuban would go out together occasionally both during the season and in the offseason.

"We're boys. We're friends," Parsons tells ESPN. "Yeah, he was the owner of the team, but I didn't look at him any differently [than other friends]. We did stuff. We enjoyed similar activities off the court. We were friends hanging out."

Parsons became a go-to resource on personnel matters, proposing one move after another, some of which became reality. Parsons pitched Cuban on letting go of Monta Ellis, who clashed with Parsons and go all-in on recruiting DeAndre Jordan.

Parsons contends Cuban told him consistently after the 16-17 regular season that they would be able to agree upon a long-term deal.

"Throughout the whole process going into free agency, I always thought Dallas was going to be the place," Parsons said. "I thought we had a mutual understanding that I was going to be there for the whole time and I was going to retire a Mav. Obviously, the second surgery gave him a little doubt, and I believe some people got in his head about it."

Cuban simply shook his head when asked about that account.

Parsons and Cuban continued to discuss personnel moves, such as pursuing Hassan Whiteside and Harrison Barnes. Cuban later pushed hard for Parsons to opt in for the final season of his contract, which would have paid $6 million less than his max. Parsons could then sign a five-year deal with the cap even higher in the 2017 offseason, but that would have required him staying healthy for a whole season.

Parsons told ESPN he would have accepted a four-year deal for "a lot less" than the max of $98 million the Mavs could have given him.

Brandan Wright underwent a successful arthroscopic debridement of his left ankle Tuesday afternoon after non-surgical interventions failed to eliminate his posterior tibialis tendinopathy.

The procedure was performed at the Campbell Clinic in Memphis and Wright will begin rehabilitation in Memphis immediately. There is currently no official timetable for his return to the court and further updates will be provided when appropriate.

Wright is likely two months away from returning game action.

The Milwaukee Bucks, Memphis Grizzlies and Dallas Mavericks have moved away from Trump hotels in New York City and Chicago, which bear Donald Trump's name through a licensing agreement.

Another Eastern Conference team contracted to stay at the Trump SoHo in New York this season has likewise already decided to switch to a different property in Manhattan when its current contract expires at season's end and that the Trump association is among the factors for the switch.

Seven other NBA teams are still currently scheduled to stay at Trump-branded properties this season.

Bucks co-owner Marc Lasry and Mavericks owner Mark Cuban are both high-profile supporters of Democratic nominee Hillary Clinton.

The Trump SoHo has emerged in recent years as an increasingly popular property throughout the league because more teams are coming to New York for two-game trips since the Nets moved from New Jersey to Brooklyn starting with the 2012-13 season.

Chandler Parsons was offered a four-year, $94.7 million contract in free agency by both the Memphis Grizzlies and Portland Trail Blazers.

Parsons met with Neil Olshey, Terry Stotts, Paul Allen and Damian Lillard in Los Angeles in the opening minutes of free agency and then the Grizzlies the next morning and decided to sign with the Memphis.

“I was close. They have a great thing going,” Parsons said when asked about signing with Portland. “Obviously, you see how talented that team is with those two guards. I had nothing against them. I went with my heart on this one. I’m happy in Memphis.”

Parsons spent two seasons with the Dallas Mavericks after signing there in 2014.

Chandler Parsons will make his debut with the Memphis Grizzlies on Sunday.

"Felt great in workout [Friday]. I'm ready to rock," Parsons told ESPN in a text message. "No reason to wait."

Parsons is coming back from another knee surgery.

Parsons signed a four-year, $94 million max contract with the Grizzlies in July.