Marc Gasol Resigns with Memphis Grizzlies for $58 Million

Memphis Grizzlies' Marc Gasol smiles during a press conference announcing his re-signing with the NBA basketball team, Wednesday, Dec. 14, 2011, in Memphis, Tenn. The deal keeps intact the core of a team that made the Western Conference semifinals last spring. (AP Photo/The Commercial Appeal, Nikki Boertman) (AP2011)

Despite considering a new home, Marc Gasol decided to stick with the Memphis Grizzlies for a few more years.

The big man from Spain will be back with the team for another four years at $58 million, the Commercial Appeal reported. Terms of the contract were not announced during Wednesday's press conference. Gasol, a native of Barcelona, announced the tentative agreement on Twitter on Monday night.

"I didn't see myself other than with this team, whether it was going to be for the long term or one year," Gasol said Wednesday after signing his contract extension. "I definitely thought I would be here this year."

Gasol was the subject of a lot of conjecture on whether he would return on a long-term basis or play out the final year of his contract with the Grizzlies and become an unrestricted free agent at the end of the season. Memphis officials had vowed all along to match any contract offer from another team.

Now that the 7-foot-1 center is back, the Grizzlies keep intact the core of a team that made the Western Conference semifinals last spring.

I didn't see myself other than with this team, whether it was going to be for the long term or one year.
— Marc Gasol

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Gasol was the final lingering piece for the Grizzlies, who are coming off their best season in franchise history. Memphis, which had never even won a playoff game before last season, defeated the Western Conference's top-seeded San Antonio Spurs in the opening round, then went to a deciding seventh game against the Oklahoma City Thunder.

With Gasol's signing, the Grizzlies now have starters Zach Randolph, Rudy Gay and Mike Conley under long-term deals.

The Grizzlies had emphasized the signing of Gasol was the priority before the season, and other players referenced the importance of having him back at the opening of camp. Randolph even reminded people that when he signed last spring, part of his deal included a promise that Gasol would be re-signed.

"In the short three years here, Marc has advanced through the ranks and become one of the top centers, not just the top young centers, but the top centers overall in the NBA," general manager Chris Wallace said.

Gasol enters his fourth year averaging 11.7 points, 7.0 rebounds and a career-high 2.5 assists and 1.68 blocks in the regular season last year. But he averaged 15.0 points and 11.2 rebounds in the postseason. He said the process dragged through the lockout because teams could not work on contracts. He said it seemed to move faster once the labor agreement was settled.

"(I) just let the guys who handle the business do it," Gasol said of the negotiations. "I play basketball. That's what I do. I don't negotiate contracts. I just focus and do my job on the basketball court."

Based on reporting by the Associated Press.