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Grizzlies Intend To Use Midlevel Exception To Re-Sign Tyreke Evans

Apr 13, 2018 11:16 AM

The Memphis Grizzlies intend to use their mid-level exception to re-sign Tyreke Evans in the offseason.

Evans signed a one-year, $3.3 million deal with the Grizzlies in 2017 and outperformed that deal. The Grizzlies resisted offers at the deadline for Evans as they were seeking a first round pick.

The midlevel will be worth approximately $8.6 million.

Ronald Tillery/Memphis Commercial Appeal

Tags: Tyreke Evans, Memphis Grizzlies, NBA, NBA Signing Rumor, NBA Misc Rumor

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Grizzlies Expect To Become Competitive Again Next Season

Apr 13, 2018 11:14 AM

Chris Wallace remains confident in the Memphis Grizzlies' capacity to become contenders again without embarking on a full rebuild.

“I understand the frustration of this past year,” Wallace said. “But, I’m not going to take sole credit for this, the front office teams I’ve presided over won the most ever games in the history of this franchise. We were seven straight years in the playoffs. We also brought in four of what I call the extended Mt. Rushmore or six most import players in of the franchise. One year out of the playoffs doesn’t necessarily mean we’re out of touch and no longer capable of doing the job.”

The Grizzlies missed Mike Conley and Chandler Parsons for most of the season.

“The plan on the short-term side of it is to get back in the swing of things,” Wallace said. “I don’t see any reason why we can’t be a very viable competitive team next year. … I’m excited about next year. I think we’ll be a pretty good team next year.”

Ronald Tillery/Memphis Commercial Appeal

Tags: Memphis Grizzlies, NBA, NBA Misc Rumor, NBA B-Ball IQ

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Grizzlies Valued At Nearly $1.4 Billion With Buy-Sell Clause

Apr 10, 2018 10:45 AM

The Memphis Grizzlies are valued between $1.3 billion and $1.4 billion under the terms of a buy-sell clause. Robert Pera will retain control of the franchise.

The clause gave Steve Kaplan and Daniel Straus the option of buying the team out from Pera by naming a price for his shares.

Once triggered, the three groups negotiated for 60 days to try and strike a deal before Kaplan and Straus submitted binding bids.

Straus' bid was higher than Kaplan and Pera will match the bid and buy him out. It is unclear what will happen with Kaplan and his shares.

Zach Lowe/ESPN

Tags: Memphis Grizzlies, NBA, NBA CBA

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Robert Pera To Retain Controlling Interest Of Grizzlies

Apr 9, 2018 9:34 PM

Robert Pera will retain his interest in the Memphis Grizzlies as part of a buy-sell process.

Pera will continue to operate the team with controlling interest after making a "buy-sell" agreement with minority partners.

Steve Kaplan and Daniel Straus each exercised their "buy-sell" clause in which they could either buy out Pera of his interest, or be bought out themselves with the price set by them.

In his letter to season ticket holders, Pera said he is "committed to Memphis as an NBA market and as the home of the Grizzlies."

"We recognize that this has been a trying season for you as fans," Pera wrote. "That serves to reinforce our dedication to continue building a successful NBA franchise. We have made significant investment in our organization in recent years and considerable strides towards our goal of sustained success. We will continue to do so and are confident that you will see the results of those investments in coming seasons."

ESPN

Tags: Memphis Grizzlies, NBA, NBA CBA

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MarShon Brooks Agrees Upon Two-Year Deal With Grizzlies

Apr 6, 2018 9:44 AM

MarShon Brooks has agreed upon a two-year deal with the Memphis Grizzlies.

Brooks will sign for the remainder of the season and his contract for 18-19 is fully guaranteed. Memphis had part of its midlevel exception remaining to use toward signing Brooks.

Brooks received interest from multiple playoff-contending teams.

Brooks is averaging 23.3 points and 3.7 assists over three games with the Grizzlies.

Brooks spent the past four seasons overseas.

Shams Charania/Yahoo! Sports

Tags: MarShon Brooks, Memphis Grizzlies, NBA, NBA Signing Rumor, NBA Misc Rumor

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Marquis Teague Signs With Grizzlies For Remainder Of Season

Apr 3, 2018 3:33 PM

Marquis Teague has agreed to sign with the Memphis Grizzlies for the remainder of the season.

Teague's first 10-day contract with the Grizzlies ended on Monday.

Teague hadn't played in the NBA since the 13-14 season.

Teague was a first round pick by the Bulls in 2012 out of Kentucky.

Shams Charania/Yahoo! Sports

Tags: Marquis Teague, Memphis Grizzlies, NBA, NBA Signing Rumor, NBA Misc Rumor

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MarShon Brooks To Sign 10-Day Contract With Grizzlies

Mar 27, 2018 1:06 PM

MarShon Brooks plans to sign a 10-day contract with the Memphis Grizzlies.

Brooks has played in China over the past three seasons.

Brooks averaged 36.6 points, 7.2 rebounds and 5.7 assists per game this season for Jiangsu Nangang.

RealGM Staff Report

Tags: MarShon Brooks, Memphis Grizzlies, NBA, NBA Signing Rumor, NBA Misc Rumor

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Grizzlies Sign Marquis Teague To 10-Day Contract

Mar 24, 2018 9:19 AM

The Memphis Grizzlies have signed Marquis Teague to a 10-day contract.

Teague was a first round pick in 2012 out of Kentucky.

Teague has averaged 17.6 points. 3.4 rebounds and 6.1 assists in 32.5 minutes per game this season in the G League with the Memphis Hustle.

Shams Charania/Yahoo! Sports

Tags: Marquis Teague, Memphis Grizzlies, Memphis Hustle, NBA, NBA Signing Rumor, NBA Misc Rumor, D-League, D-League Teams

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Grizzlies' Minority Owners Value Franchise At $1B As Part Of Buy/Sell Clause

Mar 22, 2018 1:58 PM

Steve Kaplan and Daniel Straus have valued the Memphis Grizzlies at more than $1 billion as part of their buy/sell clause with controlling owner Robert Pera.

Pera must decide whether he will sell his stake to Kaplan and Kraus at that valuation or buy them out at it.

The majority of Pera's net worth is held in Ubiquiti Networks stock.

Pera purchased the Grizzlies in October of 2012. When Pera bought the team in 2012, the NBA had concerns about Pera affording the team on his own and suggested the unusual buy/sell option between Pera, and Kaplan and Straus.

Pera put in $38 million of equity while Kaplan and Straus put in $25 million each.

Local limited partners put in a total of $78 million.

Daniel Kaplan/Memphis Business Journal

Tags: Memphis Grizzlies, NBA, NBA CBA

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Grizzlies Sign Briante Weber To 10-Day Contract, Waive Xavier Rathan-Mayes

Mar 14, 2018 1:15 PM

The Memphis Grizzlies have signed guard Briante Weber to a 10-day contract as a Call-Up from the NBA G League’s Sioux Falls Skyforce. In addition, the team waived guard Xavier Rathan-Mayes (X-avier RUH-tan Mays).

Weber (6-2, 165) began this season as a two-way player for the Houston Rockets and Rio Grande Valley Vipers. He came off the bench in all 13 of his appearances for the Rockets and averaged 2.0 points, 1.4 rebounds and 1.0 assists in 9.1 minutes; he started all 13 of his games with the Vipers and averaged 18.2 points, 6.4 rebounds, 7.2 assists and 3.31 steals in 34.4 minutes. At the conclusion of his two-way contract, Weber entered into his third career stint with Sioux Falls where he started all 15 of his games and averaged 14.3 points, 6.5 rebounds, 6.7 assists and 2.07 steals in 34.4 minutes.

RealGM Staff Report

Tags: Xavier Rathan-Mayes, Briante Weber, Memphis Grizzlies, NBA, NBA Signing Rumor, NBA Misc Rumor, NBA Waiver

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Grizzlies Sign Xavier Rathan-Mayes To 10-Day Contract
Xavier Rathan-Mayes has been playing with Westchester.

Shams Charania/Yahoo! Sports

Marc Gasol: This Is The NBA, Not The G League
Marc Gasol was asked about his frustration level this season as the Grizzlies have one of the worst records in the NBA.

Ronald Tillery/Memphis Commercial Appeal (via NBA.com)

Brandan Wright, Grizzlies Negotiating Buyout
Brandan Wright signed a three-year, $18 million deal with the Grizzlies in 2018.

Chris Haynes/ESPN

Grizzlies Rejected Emmanuel Mudiay, 2nd Round Pick From Nuggets For Tyreke Evans
The Grizzlies wanted more in exchange for Tyreke Evans and didn't want any salary for the 18-19 season.

Zach Lowe/ESPN

Pistons Trade Brice Johnson, 2nd Rounder To Grizzlies For James Ennis
The Pistons also pursued a similar trade for Dante Cunningham.

Adrian Wojnaroski/ESPN

Grizzlies Not Interested In Opening Marc Gasol Trade Talks
Marc Gasol can become a free agent in 2019.

Adrian Wojnarowski/ESPN

Grizzlies Continue To Seek FRP For Tyreke Evans
Any team trading for Tyreke Evans as they would not hold his Bird rights and need to use cap space to re-sign him.

Adrian Wojnarowski/ESPN

Forbes Values Average NBA Franchise At $1.65 Billion
Every NBA team is valued at $1 billion or more for the first time in league history.

Forbes

Celtics Seek FRP For Marcus Smart To Flip For Lou Williams Or Tyreke Evans
The Celtics rank 19th in the NBA in offensive efficiency.

Marc Stein/New York Times

76ers Interested In Trading For Tyreke Evans
The Grizzlies are seeking a first round pick for Tyreke Evans.

Marc Stein/New York Times

Chandler Parsons Denies Report Grizzlies Approached Him On Injury Retirement
Chanlder Parsons has only played in 26 games this season and could miss the remainder of the season.

Ronald Tillery/Memphis Commercial Appeal

Mike Conley Out For Season With Surgery On Heel
The surgery will "smooth a small bone protrusion" in Mike Conley's left heel.

ESPN

Grizzlies Agree To Sign Myke Henry To Two-Way Deal
Myke Henry has been playing for the Blue of the G-League.

Shams Charania/Yahoo! Sports

Mike Conley: Everything Has Flipped After Beginning Season With So Much Optimism
Mike Conley Jr. was asked for his opinion on the state of the Grizzlies now that they've struggled during the 17-18 season.

Marc J. Spears/The Undefeated

Marc Gasol: My Job Is Not Allowing Anyone To Throw Away Season
Marc Gasol spoke with reporters for approximately 70 minutes this week.

Chris Herrington/Memphis Commercial Appeal

Marc Gasol Contends He Won't Ask For Trade From Grizzlies
Marc Gasol is due $24.1 million due in 18-19 and $25.6 million on a player option in 19-20.

Zach Lowe/ESPN

Grizzlies Continue To Believe Window Open With Marc Gasol, Mike Conley
The Grizzlies have struggled to put young supporting players in place around Marc Gasol and Mike Conley.

Zach Lowe/ESPN

Grizzlies Hire Greg Buckner As Assistant Coach
Greg Buckner joins the Grizzlies with five years of coaching experience (2011-16) with the Rockets.

RealGM Staff Report

Grizzlies' Minority Owners Exercise Buy-Sell Provision
Robert Pera will have to decide whether to buy out Steve Kaplan and/or Daniel Straus to keep control of the team or sell his shares at the set price.

Jon Krawczynski/The Athletic

Issues Between David Fizdale, Grizzlies Extended Beyond Current Season
Several players on the Grizzlies reportedly didn't like David Fizdale as a coach as much as many outsiders assumed.

Ken Berger/Bleacher Report