MEMPHIS, November 2, 2010 - The Grizzlies signed point guard Mike Conley

to a multi-year contract extension, Grizzlies General Manager and Vice President

of Basketball Operations Chris Wallace announced today. Per team policy, terms

of the deal, which was completed minutes before the deadline last night, were

not disclosed.

“We are excited about completing a contract extension with our starting

point guard Mike Conley,” Wallace said. “Mike has improved significantly

during his brief time in the league, and we are optimistic that the best is

yet to come for him. With the signing of Rudy Gay last summer and now Mike,

the organization has shown that it is serious about keeping the Grizzlies’

core together into the future.”

Conley, who is posting career highs in scoring (15.0 points), assists (8.3,

T-9th in the NBA) and steals (an NBA-high 3.67) through three games this season,

has steadily increased those averages in all of his four professional seasons.

The 6-1, 185-pound guard is also grabbing a career-best 5.7 rebounds this season,

making him one of only four NBA players (Chris Paul, Derrick Rose, Brandon Jennings)

to average at least 15 points, eight assists and five rebounds in 2010-11.

The 23-year-old, who tied a career-high with 11 assists and matched his own

franchise record with seven steals in Memphis’ first home win this season

on Oct. 30 against the Minnesota Timberwolves, has led the Grizzlies in assists

every season since entering the league.

Currently ranked sixth in franchise history in assists (1,026) and eighth in

three-point percentage (.383), Conley holds career averages of 11.0 points,

4.7 assists, 2.9 rebounds and 1.17 steals in 30.1 minutes in 218 games (190

starts) with Memphis.

The Fayetteville, Ark. native was drafted fourth overall in the 2007 NBA Draft

by the Grizzlies after helping lead Ohio State University to the NCAA National

Championship Game as a freshman alongside current Portland Trail Blazers center

Greg Oden.