Former University of Kansas Jayhawk Xavier Henry has spent much of the summer after being drafted by the Memphis Grizzlies sitting around waiting for the team to sign him.
Grizzlies owner Michael Heisley passionately defended his right to attach certain conditions and incentives into Henry’s contract that are unusual by NBA standards.
Michael Tillery of the Memphis Commercial Appeal reports that it now appears Heisley is finally ready to relent.
The Grizzlies removed performance-based bonuses from contract offers to Xavier Henry and Greivis Vasquez, and the first-round draft picks could sign deals as soon as Thursday.
Team owner Michael Heisley said Wednesday night that he was on the wrong side of the issue and made his decision after NBA officials provided an in-depth explanation with regards to the spirit of the collective bargaining agreement.
“As far as I’m concerned I’m happy the issue has been resolved,” Heisley said. “There’s no question I’m doing what I should have probably done earlier.”
Clearly, this is a huge win for Henry, who can finally begin his NBA career.