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Grizzlies GM Wallace receives extension

Jun 20, 2010, 4:00 PM EDT

The Associated Press is reporting that Grizzlies general manager Chris Wallace has agreed to a multiyear deal with the team. The move represents the franchise’s trust in Wallace as they head into one of the most important off-seasons in team history: not only do the Grizzlies hold three first-round picks in this year’s draft, but star forward Rudy Gay is likely to become a free agent. 

Wallace has been in the NBA for 23 years; he is currently best-known for engineering the Pau Gasol trade, which gave the Grizzlies young talent like Marc Gasol as well as some cap space while kick-starting the latest Laker dynasty. 
More recently, Wallace made the draft-day trade that sent Kevin Love to the Timberwolves in exchange for O.J. Mayo, and managed to trade Quentin Richardson for Zach Randolph, who had something of a bounce-back year for the Grizzlies. The Grizzlies have also taken Mike Conley Jr. and Hasheem Thabeet in the draft during Wallace’s time as GM, and neither of them have lived up to their top-five billing. 
When asked for his thoughts on the extension, Wallace sounded grateful to have some job security with his 7th NBA team:
“It’s always good to get a contract,” Wallace said after a pre-draft workout Sunday. “My family and I are very happy here in Memphis. We love this city, love to be here a long time running. And the team made real strides last year.”

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