Memphis, TN, United States (4E Sports) – Shooting guard Quincy Pondexter is expected a sign a four-year contract extension with the Memphis Grizzlies.
According to sources, the Grizzlies and Pondexter are finalizing details of a four-year deal worth $15 million before Thursday’s 11:59 deadline for extensions for first-round picks from the 2010 draft.
Pondexter will become the sixth first-round pick from the Class of 2010 to sign a contract extension before the deadline.
Earlier, Washington Wizards’ John Wall, Indiana Pacers’ Paul George, Sacramento Kings’ DeMarcus Cousins, Utah Jazz’s Derrick Favors and Milwaukee Bucks’ Larry Sanders signed a contract extension with their respective squads.
Other Class of 2010 alumni still looking for extensions includes Gordon Hayward of the Jazz and Eric Bledsoe of the Phoenix Suns.
Also, the Grizzlies are also in talks with Ed Davis regarding a contract extension. However, sources say those negotiations are not as far along as those with Pondexter.
In 59 games last season, Pondexter averaged 6.4 points per game. He shot 39.5 percent from three-point range.