POSTED: Jul 7, 2015 1:13 PM ET
UPDATED: Jul 7, 2015 5:34 PM ET
GIRONA, Spain (AP) — NBA center Marc Gasol has confirmed that he will sign a new five-year contract with the Memphis Grizzlies.
The 30-year-old free agent tells Spanish media he will stay at Memphis, as The Associated Press reported on Monday.
The deal is expected to be worth more than $100 million.
Marc Gasol adds that he won't play for Spain alongside brother Pau Gasol in the upcoming European championships from Sept. 5-20, saying "I have to devote myself and listen to the people of Memphis."
Grizzlies general manager Chris Wallace issued a statement Tuesday saying that "the team has been engaged in negotiations" with Gasol and free-agent forward Brandan Wright "and intends to sign them both to player contracts at the conclusion of the NBA moratorium period."
The AP previously had reported that Wright had agreed to terms on a three-year deal worth about $18 million.
The 7-foot-1 Marc Gasol is coming off the best season of his seven-year NBA career. He averaged 17.4 points, 7.8 rebounds and 3.8 assists last season for Memphis.
Wright averaged 7.3 points and 4.3 rebounds in 2014-15 while spending time with the Dallas Mavericks, Boston Celtics and Phoenix Suns.