Updated: January 24, 2012, 9:13 pm ET
Grizzlies Exercise Option on Pondexter
Grizzlies swingman Quincy Pondexter received more job security this evening when the team announced that it exercised the third-year contract option on his rookie deal.
Pondexter now has a contract guaranteed through the 2012-13 season. Memphis had until 11 p.m. Wednesday night to make the decision.
via Ron Tillery of the Memphis Commercial-Appeal
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