Blog Entry

Details on Mike Conley's big extension

Posted on: November 2, 2010 4:24 pm
 
Posted by Royce Young

On the surface, it's a bad contract. And undeneath the surface, it's still a really bad contract. Maybe the worst ever. Maybe franchise crippling. No matter how you shake it or who you ask, Mike Conley's big five-year $40-something million extension just isn't smart.

But there is a little more to it than we originally thought. It's not a straight up $45 million contract. Conley's at least got to earn some of it. So that's something.

Ronald Tillery of the Commercial-Appeal has some details:
1. 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.

2. 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.

3. Another win/win 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.
Ah that Mike Heisley and his recently discovering of the fact you can put performance-based incentives in contracts. The number passed about by Conley's agent (who happens to be his father) was the full $45 million. But if Conley is going to get that, he's got to play really, really good. As in "elite level" type of play. And we all know that's not happening. So really, he's just guaranteed to get about $40 million. See, it's not so bad! Feel better now, Memphis fans?
Comments

Since: Oct 27, 2010
Posted on: November 2, 2010 5:11 pm
 

Details on Mike Conley's big extension

Conley's gotten a bad rap. This contract was given to him based on the last half of 09's production and his current improved play. He seems to have turned the corner and is becoming a bonafide top tier PG. I don't think he'll ever be a john stockton type dime disher, but that's not entirely bad when you have the ability to score, which he does. Obviously I think some of the points the prior article brought up were valid, but Conley has improved every year and there's no reason to think he won't keep improving. 
Personally I love incentive laden deals. I think if more teams practiced this type of negotiation they wouldn't be stuck with some of these massive albatross contracts that the NBA always seems to have. 



Since: May 7, 2009
Posted on: November 2, 2010 4:48 pm
 

Details on Mike Conley's big extension

Feel better now Memphis Fans? Non of us Memphis Fans feel bad about the the deal at all 45mil for a lightning quick PG who is leading the NBA in steals and has improved every year since he ha been in the league getting a little more than the MLE. Naahhh we never felt bad about this extension and did I mention he is only 22 thats 2 years older than Evan Turner who is a rookie. The only people complaining about this contract are the pundits who have their heads so far up the Miami Heat's arse they can't pay attention to the rest of the association. Kudos to you btw for doing some research and finding out details of the contract.

Playoff bound baby lead by Mike Conley, OJ Mayo, Rudy Gay, and Marc Gasol....AKA....The Big 5

GO GRIZZ!!!!!!!!!!!!


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