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Grizzlies extend PG Mike Conley

Updated: November 2, 2010, 10:01 PM ET
Associated Press

MEMPHIS, Tenn. -- The Memphis Grizzlies signed Mike Conley to a five-year contract extension worth $40 million Tuesday after watching the 23-year-old point guard get off to the best start of his career.

They agreed to terms before a Monday night deadline and waited for the NBA to approve the contract Tuesday before announcing what the Grizzlies called only a multi-year deal.

"Mike has improved significantly during his brief time in the league, and we are optimistic that the ...

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