Grizzlies announce contract extension for Hollins

Basketball Betting Lines

05/11/2010 - Memphis, TN (Sportsbook Betting Lines) - The Memphis Grizzlies finally made it official Tuesday and announced a multi-year contract extension for head coach Lionel Hollins.

Terms of the deal were not disclosed, but Hollins had indicated last month, after the season concluded, that he agreed to a three-year extension.

The Grizzlies finished 40-42 this past season, the fourth-best mark in the franchise's 15-year history and a vast improvement from the three previous seasons of 24, 22 and 22 wins.

Hollins took over as head coach in January of 2009 and guided the club to a record of 13-26 over the final 39 games of the '08-09 season. He is in his third stint with the club.

Previously, Hollins had served as an assistant when the expansion club, then located in Vancouver, began play in 1995-96. He eventually took over as head coach for the final 60 games of the 1999-2000 campaign after Brian Hill was fired and guided the team to a mark of 18-42.

In addition, he lost four games as the interim coach during the 2004-05 season -- taking the reins after Hubie Brown resigned and before Mike Fratello was hired. Hollins has an overall record of 71-114 as coach of the club.

The Grizzlies set franchise records this past season with an average of 102.5 points and a .469 field goal percentage. The team also established record streaks of 11 straight home wins and seven consecutive road victories.

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