Another active day of NBA free agency brought a massive new contract for one of the top remaining players on the market, plus several title contenders adding important pieces to their benches. Here's a breakdown of what happened Monday and what it means.
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Marc Gasol
Team: Memphis Grizzlies (agreed to re-sign)
Contract: Five years, approximately $110 million (exact amount will be not known until salary cap is set Thursday)
What it means: While it took longer than expected, Gasol agreed to stay in Memphis on Monday. The real story here is the length of his contract -- the maximum five years, tying Gasol to the Grizzlies through age 35. Because of his age, Gasol had less incentive to take a short-term deal and hit the market again than other superstars. It's possible he'll be slightly overpaid by the end of this contract. That's a risk Memphis is perfectly comfortable taking given Gasol's importance to the franchise.
What's next: Having already signed Brandan Wright to replace Kosta Koufos as Gasol's backup, the Grizzlies are likely done with free agency. Memphis could continue to pursue a trade to consolidate talent and upgrade on the wing.