Grizzlies GM Chris Wallace nets multi-year extension

Memphis Grizzlies owner Robert Pera removed the interim tag and signed Chris Wallace to a multi-year contract as general manager on Tuesday.

Had served as interim GM since a front office shakeup on May 19

Memphis Grizzlies general manager was rewarded Tuesday with a multi-year contract extension. (Joe Murphy/Getty Images)

Memphis Grizzlies controlling owner Robert Pera has removed the interim tag and named Chris Wallace as general manager, signing him to a multi-year contract with the franchise.

Pera announced the deal Tuesday, but did not disclose any terms. Wallace had been serving as interim GM since a front office shakeup on May 19.

"Chris has been at the forefront and a stable presence throughout some of the Grizzlies' greatest successes," Pera said in a statement.

"His strong bonds and experience, not only within the organization and NBA, but also within the Memphis and Mid-South communities, make him the ideal fit to lead our basketball operations. We believe Chris' skills and expertise to be vital in our continued success of our franchise."

Wallace originally was hired as GM and vice-president of basketball operations in June 2007, and he put together the core that has gone to a team-record four straight playoff berths and reached the Grizzlies' first Western Conference final in 2013. He drafted Mike Conley, brought in Zach Randolph who has been a two-time all-star in Memphis, traded for Marc Gasol and signed Tony Allen as a free agent.

'Strongly committed' 

As interim GM, Wallace helped sign Vince Carter as a free agent earlier this month and oversaw the June draft that brought in Jordan Adams and Jarnell Stokes.

"Robert Pera is strongly committed to the success of the Grizzlies and I am excited to continue working in tandem with Robert, our front office and our coaching staff in helping realize his vision for the franchise," Wallace said.

Memphis is the seventh NBA franchise Wallace has worked with in his career. He spent 10 seasons as GM of the Boston Celtics, was director of player personnel in the last of his four seasons with Miami and also has worked for the Knicks, Clippers, Nuggets and Trail Blazers.

The Grizzlies later announced that Ed Stefanski also is joining the team as executive vice-president of player personnel. Wallace said on radio that Stefanski, former GM of the Philadelphia 76ers and whose last job was with Toronto, will be based in Philadelphia where he has a home.


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