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DESCRIPTION

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." Posted By PSmooth

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