Conley ($153M) hits on rich Day 1

The Toronto Raptors' DeMar DeRozan
The Toronto Raptors' DeMar DeRozan

Mike Conley and All-Stars Andre Drummond and DeMar DeRozan are staying put. So are Hassan Whiteside and Nicolas Batum.

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The Washington Wizards' Bradley Beal

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The Detroit Pistons' Andre Drummond

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The Charlotte Hornets' Nicolas Batum

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AP

Memphis point guard Mike Conley agreed to the richest contract ever in the NBA when he accepted a fi ve-year, $153 million deal to stay with the Grizzlies. Conley, who was drafted fourth by Memphis in 2007, averaged 15.3 points and 6.1 assists per game last season.

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AP

Guard Matthew Dellavedova averaged 2.7 points in just over seven minutes per game for Cleveland during the NBA Finals, but he still managed to land a free-agent contract with Milwaukee that will net him $38.4 million over four years.

Many more players are on the move -- and some are getting paid like they never could have imagined.

Chandler Parsons, Evan Turner and Timofey Mozgov were among the players cashing in Friday during the first day of free agency -- and really, of a new era -- in the NBA.

With revenue rising and the salary cap soaring right along with it, good players were being paid like All-Stars, while All-Stars were getting contracts that used to go only to superstars.

Conley is in a class of his own after agreeing to a $153 million, five-year deal to remain in Memphis, the biggest deal handed out yet.

And the players at the top of the class haven't even started agreeing to deals yet. Kevin Durant and Al Horford probably can't wait to see what they will get after watching what lesser players on the market have received.

For example:

• Parsons -- four years, $94 million from Memphis.

• Turner -- four years, $70 million from Portland.

• Mozgov -- four years, $64 million from the Lakers.

Dwight Howard agreed to a three-year, $70.5 million deal with the Atlanta Hawks, Howard's agent, Perry Rogers, told ESPN.com. That deal is guaranteed with no option.

Their timing was even better than their play, as they became free agents at the ideal moment. With the NBA's national TV contracts worth more than $2.6 billion beginning next season, the salary cap that's tied to revenue will soar well beyond its previous record to between $90 million-95 million.

Some players didn't have to wait long to claim their share of it.

Drummond's five-year maximum contract to stay in Detroit will be worth $130 million, just a share more than the $128 million Bradley Beal got to remain in Washington. DeRozan will do a little better in Toronto and Charlotte kept Batum for about $120 million.

But the Hornets lost a couple of key players from their 48-win team, as Jeremy Lin got a three-year, $36 million contract from Brooklyn, and the Pacers lured Al Jefferson to Indiana with a three-year, $30 million contract.

None of the contracts can be signed until Thursday, after next season's salary cap is set and the moratorium is lifted.

Missing out on the money was O.J. Mayo, the former No. 3 overall pick who finished last season in Milwaukee and was a free agent. But he was dismissed and disqualified from the NBA on Friday for violating the terms of the league's anti-drug program, the first player to receive that punishment in a decade. He will be eligible to apply for reinstatement in two years.

His old team was busy, as the Bucks agreed to terms with free agent shooter Mirza Teletovic on a three-year deal worth $30 million and also agreed to terms on a four-year, $38.4 million offer sheet with restricted free agent Matthew Dellavedova. The Cleveland Cavaliers have the option to match that deal.

Durant had his first discussions with another team, meeting with the Golden State Warriors. He also met with the Los Angeles Clippers. He met with his Oklahoma City Thunder on Thursday, before free agency opened, as the former NBA MVP decides whether to remain with the franchise that selected him with the No. 2 pick in 2007.

The other MVP available is LeBron James, who opted to become a free agent. But he said last week he intends to return to Cleveland to defend the city's first championship in 52 years.

The Cavaliers' biggest decision could be what to do with free agent forward J.R. Smith, whose three-point shooting -- and defense -- helped Cleveland rally to beat Golden State in the finals. Smith fits in well with Cleveland because he follows James' lead and he's embraced a stopper's role given to him by Coach Tyronn Lue.

Sports on 07/02/2016

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