Mike Conley Agrees to $153M Deal With Grizzlies, Richest in NBA History
Mike Conley has agreed to a five-year, $153 million deal with the Memphis Grizzles, the richest in NBA history.
According to ESPN, the deal will be the richest contract in total value in league history, and first worth $100 million or more total with an average annual value of more than $30 million per year.
The Dallas Mavericks were also interested in Conley, among other teams, but they could only offer a max contract worth approximately $114 million over four years.
The news has the Internet in shock, especially since the 28-year-old Conley has never been an All-Star, though he's been known as one of the NBA's most underrated for years.
Check out some of the chatter on Twitter below.
Mike Conley is going to make over $30 million a year?! MIKE CONLEY?! Is he even a top 40 NBA player? Biggest contract in league history.
— Clay Travis (@ClayTravis) July 1, 2016
GM: what will it take to keep you in memphis
MIKE CONLEY: the inability to sign anyone else to help us win
GM: $153 million it is, then
— Ethan Booker (@Ethan_Booker) July 1, 2016
What if on Draft Day 2007 I told you in less than 10 years Greg Oden would be out of the league and Mike Conley would sign for $150 million?
— Russ Bengtson (@russbengtson) July 1, 2016
Also the richest contract in nba history goes to........................mike conley. Wait, what?
— Nino Olivier (@NinoOlivier15) July 1, 2016
There isn't an economics course in the world that makes Mike Conley worth more than Kobe Bryant ever made. https://t.co/1iOD9VBOFn
— Burgundy N Gold (@ForeverBNG) July 1, 2016
Conley has played his entire career in Memphis, after the team drafted him with the fourth overall pick in 2007.
He missed 26 games this past season (the most since his debut in 2007-08) including the final 20 with left Achilles tendinitis. But the Grizzlies made the playoffs, despite setting an NBA record for most players used (28) in a single season. He finished with averages of 15.3 points, 6.1 assists and 2.9 rebounds per game, and had the sixth-best real plus-minus (plus-2.71) among NBA point guards.
Conley previously signed a five-year, $45 million extension in 2010, which was criticized given his lack of production to that point. However, he's helped lead the Grizzlies to a franchise-record six straight playoff appearances, including a Western Conference Finals berth in 2012-13.