The Memphis Grizzlies recently signed center Pau Gasol to a multi-year contract extension.

"We are delighted to reach a contract agreement with Pau," Jerry West, the team's president of basketball operations, said Friday.

Mr. Gasol returns as the Grizzlies leading scorer and is coming off a very impressive Olympic performance.

"This is a very big commitment for all parties. I look forward to being a part of the Grizzlies' exciting future and taking this team to another level," he said