Lionel Hollins signs three-year extension with Memphis Grizzlies

Whatever caused the delay — maybe money, maybe just waiting for the season to end — that hurdle is gone.

Lionel Hollins signed a three-year extension to coach the Memphis Grizzlies today after sitting down with owner Michael Heisley last night. Financial terms of the deal have not been released.

The Grizzlies finished 40-42 on the season and would have been over .500 and in the playoff hunt if not for a late-season collapse. Even with that, they finished much better than expected and showed a foundation of young players — Marc Gasol, OJ Mayo, Rudy Gay — that the franchise can build on. And Hollins got a lot out of those players.