Conley agreed in principal to a five-year, $153 million contract with the Grizzlies on Friday, ESPN's Marc Stein reports.

EDGE Analysis

Conley's deal, when finalized, will be the richest in NBA history. The Grizzlies have had a banner day for their franchise, inking a max deal with talented wing Chandler Parsons before getting Conley to agree to this historic contract. Although Conley's box score production has taken a slight decline in recent seasons, he is still one of the better two-way point guards in the league. The addition of Parsons alongside him suddenly gives the Grizzlies a potentially formidable starting five heading into 2016. One concern for Conley in the long term will be staying healthy given that he's been plagued by a wide variety of nagging injuries over the course of his career.