Grizzlies owner gives coach Hollins 3-year deal

Grizzlies coach Lionel Hollins has agreed to a new 3-year

contract with the team.

Terms of the deal were not disclosed, but Hollins made the

announcement Thursday as the team met with reporters to wrap up the

season.

Hollins had been in negotiations with the team for weeks and

said he talked to owner Michael Heisley earlier Thursday and

finalized the deal.

He took over in January 2009 after Marc Iavaroni was fired and

led the Grizzlies to a 40-42 record this season, 16 more wins than

last year. The formerly woeful Grizzlies were part of the playoff

picture before folding down the stretch, falling just short of

their first .500 season in several years.