Griz cave in; set to sign Henry, Vasquez
The Grizzlies removed performance-based bonuses fromcontract offers to Xavier Henry and Greivis Vasquez, and the first-round draftpicks could sign deals as soon as Thursday.
Team owner Michael Heisley said Wednesday night that he wason the wrong side of the issue and made his decision after NBA officialsprovided an in-depth explanation with regards to the spirit of the collective bargainingagreement.
Henry and Vasquez have been in a contract stalemate with the Grizzlies since the June draft. Henry even refused to play for the Grizzlies' summer league squad.
"As far as I'm concerned I'm happy the issue has beenresolved," Heisley said. "There's no question I'm doing what I should haveprobably done earlier."
Teams can pay players between 80 and 120 percent of anamount set by the league's rookie scale. The Griz had offered Henry and Vasquez100 percent of their respective salaries with the extra 20 percent tied toperformance-based bonuses.
Heisley said both players will be offered 120 percent ofthe rookie salary scale without performance requirements.
"In the general spirit of the way it (the CBA) was puttogether I felt we should relent and not have a performance situation," Heisleysaid. "I don't think I was on the right side of the issue."
The Grizzlies' proposed incentive package included:
$ participation in summer league
$ a two-week workout program with the team's trainingstaff
$ satisfying one of the following: play in NBArookie/sophomore game at all-star or earn an all-rookie selection or average 15minutes in at least 70 games.
The agents for both players didn't respond to phonemessages left by The Commercial Appeal.
Heisley fielded several trade proposals for Henry butwasn't interested in moving the 12[sup]th[/sup] overall draft pick.
Training camp starts Sept. 28
@ Heisley and management.