Marc Gasol, Grizzlies Reach 4-Year, $58 Million Deal

Marc Gasol announced on Twitter on Monday that he had reached a tentative agreement with the Memphis Grizzlies on a new contract. Gasol, who had restricted status and as of Sunday was reportedly close to signing a hefty offer sheet with the Houston Rockets, was rated as SBNation.com's No. 1 2011 free agent.

The terms of Gasol's deal with Memphis are not yet known, though only the Grizzlies could offer the center a five-year deal. In three years with Memphis, Gasol has been a rock, averaging more than 2,500 minutes per season and performing at a high level (a PER of 17.6).

Memphis has otherwise had a quiet offseason. Free agent Shane Battier left for the Miami Heat, and there were rumors Monday that the Grizzlies were working on a deal to send O.J. Mayo to the Indiana Pacers for forward Josh McRoberts (a restricted free agent) and possibly Brandon Rush.

Update: Gasol agreed to a four-year deal worth $58 million, according to Ronald Tillery of the Commercial Appeal. He will earn $12.5 million in 2011-12, with 12.5 percent raises the next three years. The most any other team could have offered was four years and $55 million ($12.5 million with 4.5 percent raises each year). 

For more on the Grizzlies, visit Straight Outta Vancouver.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.