According to Yahoo Sports' Adrian Wojnarowski, the Grizzlies have agreed on a max contract to keep Marc Gasol in Memphis.
Wojnarowski posted the following statement on Twitter:
"Free agent Marc Gasol has agreed to a five-year, $100M-plus deal to return to the Memphis Grizzlies, league sources tell Yahoo Sports."
The deal is the maximum allowable under current NBA rules and it will reportedly pay Gasol about $110 million over the span of his contract.
Yahoo Sports also reported that the deal includes an early-termination option after the 2018-19 season. Such a move would allow Big Spain to possibly cash in on the NBA's new TV contract, which will boost the league's salary cap by about 30 percent, meaning more money for every player.
The 7'1'' Gasol was born in Barcelona, Spain, but he's spent most of his life in Memphis--including his time as a standout high school player at Lausanne Collegiate School.
Last year, Gasol averaged more than 17 points per game and nearly eight rebounds per game. He started the NBA All-Star Game for the Western Conference, and he helped lead the Grizzlies into the second round of the playoffs.
Gasol was voted to the All-NBA First team at Center in May. He is the first Grizzlies player to ever earn that honor.
NBA rules keep Gasol and the Grizzlies from putting pen to paper on a new contract until July 9, but fans can take Monday's verbal agreement as a sign the Grizzlies are serious about making another run in next year's NBA Playoffs.
With the deal now set, the Grizzlies are seen as a championship contender.
Gasol is not alone, as guard Beno Udrih has agreed on a $2.2 million deal to return next season.
Copyright 2015 WMC Action News 5. All rights reserved.