The Michael Conley Jr. Contract
Interesting that contract talks only heated up over theweekend. The Griz originally didn't intend to deal but then decided to askConley for a number. It was too high. The Griz countered. Conley rejected andcountered. And so the negotiations went back-and-forth Monday until about fiveminutes before the 11 p.m. CST deadline.
On the surface there are two surprises here: 1) theGrizzlies actually pulled the trigger and didn't allow Conley to become a restrictedfree agency next summer. 2) Conley received a lucrative deal that is betting oncontinued growth at the pace he's on at this exact moment.
Underneath the paperwork, the Grizzlies decision to signConley to a five-year, $40 million contract (with lofty incentives that could increasethe overall value) isn't that much of a shock to the system.
Some key points about the deal:
- The contract kicks in for the 2011-12 season, starting at roughly $6.5 million. With the maximum 10.5-percent raises allowed, the increases will look something like $7.18 (year 2), $7.9 (year 3), $8.76 (year 4) and $9.68 (year 5). There is no doubt (even with a new CBA) that Conley would have received an offer starting at least $6 million.
- The only way Conley can exceed $40 million (i.e. the $45 million that national media was given by Conley's agent) is for him to produce what was described to me as "elite level PG statistics" AND the Griz must be winning 50-plus regular-season games AND having success in the playoffs. That means the bonus package is tied to individual and team greatness.
- Another win/win in the deal is that there is deferred money in the deal. That'll help the Grizzlies' cash flow when their payroll is enormous. Zach Randolph came to Memphis with deferred money, which made it a little easier to absorb his contract.
Conley will receive his market value on the front end. And theGrizzlies got a little creative with this early signing realizing they'll have importantbusiness with Marc Gasol, Zach Randolph and O.J. Mayo.
I do think someone will be sacrificed in the long run. Unlessthe NBA's new collective bargaining agreement reduces length of guaranteed contracts/player salaries and includes better revenue sharing, then I tend to believeMayo will be the odd man out because of sheer timing for his payday.
But that's another topic. Conley will be a Grizzlies for along a good while.
Count me among those who believe --- all things considered-- this is a good thing.
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