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Sources: Conley, Grizzlies Agree in Principle on Five-Year Deal

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Mike Conley and the Memphis Grizzlies have agreed in principle on a five-year, $153 million deal, according to league sources.

This would be the richest contract by total value in NBA history, according to ESPN Stats & Information. It also would be the first deal worth $100 million or more total with an average annual value of more than $30 million per year. Sources told ESPN that the verbal agreement would be sealed Friday night and the final details were “nearing conclusion.”

Source: Marc Stein of ESPN

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Cavs Announce Signing of LeBron to New Deal

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LeBron James and the NBA champion Cleveland Cavaliers made it official Friday, with the team announcing that James has signed a new multiyear contract.

The deal is for three years, $100 million, agent Rich Paul told ESPN. A source told ESPN that James has a player option for the third year.

Source: ESPN

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Sources: Pacers Agree to Deal With Free-Agent Poythress

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University of Kentucky free-agent forward Alex Poythress has agreed to a partially guaranteed contract with the Indiana Pacers, league sources told The Vertical.

For Poythress, 22, who went undrafted in June, this is essentially a make-good training camp deal – with an eye toward spending the year as a non-roster Pacers player on the franchise’s Fort Wayne NBA Development League affiliate.

Source: Adrian Wojnarowski of The Vertical

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Pelicans Announce Signing of Shawn Dawson

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The New Orleans Pelicans announced today that the team has signed forward Shawn Dawson. Per team policy, terms of the deal were not disclosed.

Dawson, 6-6, 195, has played professionally since 2012 with Israel’s Maccabi Rishon LeZion and is a two-time Israeli League All-Star (2015, 2016) who holds career international averages of 11.7 points, 4.8 rebounds, 1.9 assists, and 1.2 steals in 22.2 minutes per contest.

Source: NBA.com/Pelicans

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