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Lionel Hollins signs three-year extension with Memphis Grizzlies

Whatever caused the delay -- maybe money, maybe just waiting for the season to end -- that hurdle is gone.

Lionel Hollins signed a three-year extension to coach the Memphis Grizzlies today after sitting down with owner Michael Heisley last night. Financial terms of the deal have not been released.

The Grizzlies finished 40-42 on the season and would have been over .500 and in the playoff hunt if not for a late-season collapse. Even with that, they finished much better than expected and showed a foundation of young players -- Marc Gasol, OJ Mayo, Rudy Gay -- that the franchise can build on. And Hollins got a lot out of those players.