Tony Allen

According to multiple reports, guard Tony Allen will sign with the Memphis Grizzlies. The Memphis Commercial Appeal first reported the deal.

Just days after rumors swirled that he would re-sign in Boston, Allen has agreed to a three-year offer from the Grizzlies worth $9.7 million, according to NBA.com.

“All I am at liberty to say is that we have come to terms with Tony Allen, and expect to sign a contract soon,” Memphis general manager Chris Wallace told the Boston Globe.

ESPN.com

Rudy Gay

Timberwolves executive David Kahn said prior to free agency that he planned to contact two players.

Shortly after the frenzy began, those two players were identified as David Lee and Rudy Gay.

Gay will meet with the Wolves on Thursday in Minneapolis, while Lee will sit down with the team over the weekend.

Real GM

Not only did we get to see Greivis Vasquez be the happiest anyone has ever been to become a member of the Memphis Grizzlies, if you stuck around until the 30 second mark, you saw the funniest moment of the night as well.

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Chris Paul

There are indications that the Grizzlies have joined a long line of teams trying to convince the New Orleans Hornets to part with one of their point guards: Chris Paul or Darren Collison.

One of the Grizzlies’ stated goals this offseason is to bolster the point guard position. Paul, an all-star, all-defensive team member, would easily supplant incumbent starter Mike Conley.

Collison would represent a dynamic backup at the position or someone who could push Conley for the starting job.

HoopsWorld

Rudy Gay

Grizzlies forward Rudy Gay will be a restricted free-agent next month and the Timberwolves are one team that is expected to target him.

Gay is among the second tier of free agents this summer, behind superstars like LeBron James, Dwyane Wade and Chris Bosh.

Minnesota owner Glen Taylor and president David Kahn have already targeted Gay as an attainable player, according to sources.

Real GM

Mike Conley

The Grizzlies have three first-round picks and will almost certainly use one to draft a point guard.

Memphis is looking for a capable backup to starter Mike Conley. He is the only point guard the team has under contract as Jamaal Tinsley and Marcus Williams will become free agents on July 1.

The Memphis Commercial Appeal writes that by draft night the team will have worked out 10 points guards among the 25 players expected to visit the club.

Real GM

Monta Ellis

Trade on the way?

Monta Ellis, a Mississippi native who now plays for the Golden State Warriors, has bought the Eads home in Memphis once owned by Lorenzen Wright.

The move comes just months after reports that the Grizzlies offered to trade O.J. Mayo and Hasheem Thabeet for Ellis.

Real GM

Zach Randolph

Memphis Grizzlies standout Zach Randolph has been implicated in an Indianapolis drug investigation.

A probable cause affidavit has a police informant indentifying Randolph as a major marijuana supplier in Indianapolis.

A stake out on a suspected drug house 2 weeks ago led to 32 year old Arthur Boyd being pulled over in a Cadillac Escalade. The vehicle had marijuana and ammunition inside, and was registered to Randolph.

Inside Hoops

Rudy Gay

The Grizzlies could look complete a sign-and-trade involving restricted free agent forward Rudy Gay if they do not re-sign him outright.

Teams can discuss sign-and-trade scenarios prior to July 1, when the free agent signing period begins, as long as discussions do not include the player(s) involved.

Memphis has not discussed any scenarios, but a sign-and-trade remains an option.

Real GM

Zach Randolph

The Grizzlies already have a crowded plate this summer with Rudy Gay and Ronnie Brewer becoming restricted free agents on July 1 and owner Michael Heisley claiming his club will do everything in its power to keep the pair.

Now, Zach Randolph is saying that he wants to do a contract extension this summer so he does not have to worry about becoming a free agent in 2011.

“I like it here,” Randolph said of Memphis. “I told the owner I want to be here. If they’re going to let me be open and be a free agent or they’re going to extend me or lock me in, I’d rather take a lock in.”

Yahoo Sports