Grizzlies sign first round picks Henry, Vasquez
The Grizzlies signed first round draft picks Xavier Henry and Greivis Vasquez on Friday, getting the deals done just four days before the start of training camp.
The signings were completed just in time for camp, which starts Tuesday. The rookie contract talks took longer than usual because the team had tried the unconventional strategy of including performance bonuses in their deals to avoid guaranteeing the maximum salary allowable.
Henry was the 12th overall pick in the June draft and Vasquez was taken 28th. Both signed multiyear deals, additional terms were not disclosed.
Teams can pay players up to 120 percent of their scale amount, which this season is about $1.7 million for the No. 12 pick. The Grizzlies had wanted to tie the 20 percent to bonuses, but eventually relented.
Grizzlies general manager Chris Wallace previously acknowledged that performance bonuses were not something the Grizzlies have offered in the past, but noted other teams have put some bonuses in from time to time and the team decided to adopt the practice this year.
Henry is an athletic 6-foot-6 shooting guard who played college ball at Kansas. He’s expected to help the team improve its perimeter shooting, which was a problem for the Grizzlies last season. Memphis finished 30th in the NBA in 3-point shots made and attempted, and 26th in 3-point field goal percentage.
Vasquez, a gritty 6-foot-6 point guard who was the Atlantic Coast Conference player of the year at Maryland last season, adds depth behind expected starter Mike Conley. He injured his right ankle while playing in the NBA Summer League in Las Vegas and had surgery in late July to remove a bone spur.
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