Analyzing Day 6: Max five years for Gasol worth risk for Grizzlies

— -- Another active day of NBA free agency brought a massive new contract for one of the top remaining players on the market, plus several title contenders adding important pieces to their benches. Here's a breakdown of what happened Monday and what it means.

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Marc Gasol

Team: Memphis Grizzlies (agreed to re-sign)

Contract: Five years, approximately $110 million (exact amount will be not known until salary cap is set Thursday)

What it means: While it took longer than expected, Gasol agreed to stay in Memphis on Monday. The real story here is the length of his contract -- the maximum five years, tying Gasol to the Grizzlies through age 35. Because of his age, Gasol had less incentive to take a short-term deal and hit the market again than other superstars. It's possible he'll be slightly overpaid by the end of this contract. That's a risk Memphis is perfectly comfortable taking given Gasol's importance to the franchise.

What's next: Having already signed Brandan Wright to replace Kosta Koufos as Gasol's backup, the Grizzlies are likely done with free agency. Memphis could continue to pursue a trade to consolidate talent and upgrade on the wing.

David West

Team: San Antonio Spurs

Contract: One year, $1.5 million

What it means: The Spurs did it again. After convincing Tim Duncan to take a major pay cut to make room for LaMarcus Aldridge, San Antonio managed to talk West into accepting the veterans minimum after deciding not to exercise his $12.6 million player option with the Indiana Pacers. In fairness, West wasn't able to make that much money anywhere he was interested in going, and his choice probably came down to making the minimum for the Spurs or the $5.5 million non-taxpayer midlevel exception from the Washington Wizards. West chose the best chance of winning a title over money and playing time. He's a bit of an awkward fit with San Antonio, which only has one true center (Duncan) on its current roster. West duplicates some of the skills Aldridge and Boris Diaw provide. But the Spurs certainly won't complain about getting a player with much left to offer at such a bargain rate, and it's hardly a bad thing to have multiple floor-stretching power forwards.

What's next: Manu Ginobili announced Monday that he plans to play another season. Ginobili presumably will get San Antonio's $2.8 million room exception, leaving the Spurs with only minimum-salary players to fill the remaining five spots on the roster. We'll see whether San Antonio can convince any other veterans to sign on in hopes of winning a title.

Mo Williams

Team: Cleveland Cavaliers

Contract: Two years, $4.3 million

What it means: Williams returns to Cleveland, where he enjoyed his greatest glory while teaming with LeBron James on the Cavaliers teams that won a combined 127 games in 2008-09 and 2009-10, in the hopes of helping Cleveland get to the promised land. Williams gives the Cavaliers another competent outside shooter (he shot just 34.2 percent from 3-point range last season, but is a 37.9 percent career shooter) with the ability to create for himself at times too, an issue when Kyrie Irving and Kevin Love were injured during the postseason. And the price was right. Cleveland managed to retain part of its $3.4 million taxpayer midlevel exception, which could be used to sign second-round pick Rakeem Christmas to a long-term deal.

What's next: The Cavaliers still have plenty of work to do, with J.R. Smith, Tristan Thompson and Matthew Dellavedova as yet unsigned. Cleveland has also been shopping the non-guaranteed contract of Brendan Haywood, with ESPN's Brian Windhorst reporting Monday that the Cavaliers have considered dealing for high-priced Brooklyn Nets wing Joe Johnson.

Leandro Barbosa

Team: Golden State Warriors (agreed to re-sign)

Contract: One year, $2.5 million

What it means: The Warriors ensured the return of one of their rotation players from last year's championship team, dipping into their taxpayer midlevel exception to sign Barbosa for more than they could using his non-Bird rights. Year-to-year contracts probably make the most sense for Barbosa, who's only 32 but is heavily dependent on his quickness holding up. Golden State will pay heavily for Barbosa as likely taxpayers, but winning the title makes that much easier to swallow.

What's next: The next order of business for the Warriors might be trying to move David Lee and his $15.5 million salary to get him more playing time and reduce their luxury-tax bill. Unfortunately, Golden State's best options for a Lee trade are now off the table, with both the  Los Angeles Lakers and New York Knicks using their cap space elsewhere. With the possible exception of the Orlando Magic, the other teams with the room to absorb Lee's salary are unlikely to see his on-court value as a positive. They'd just be making the deal to try to get a draft pick or two from the Warriors as compensation.

Nemanja Bjelica

Team: Minnesota Timberwolves

Contract: Three years, $11.7 million

What it means: In a deal that had been anticipated for some time, the Timberwolves are bringing over 2010 second-round pick Bjelica after he won Euroleague MVP honors in 2014-15. Bjelica takes up a chunk of Minnesota's midlevel exception in what should be a team-friendly deal. Bjelica isn't quite as talented as Nikola Mirotic, last season's rookie of the year runner-up, but he projects as a league-average player right away at a position (power forward) of need for the Timberwolves. His floor spacing, rebounding and playmaking could make him an ideal fit next to No. 1 overall pick Karl-Anthony Towns.

What's next: Minnesota hasn't yet re-signed Kevin Garnett, likely to be the team's other notable move in free agency. The Timberwolves might explore trading some of their veterans now that their focus is clearly on rebuilding around a core of No. 1 picks Towns and Andrew Wiggins.

Joe Ingles

Team: Utah Jazz (agreed to re-sign)

Contract: Two years, $4.5 million

What it means: As a 27-year-old NBA rookie, Ingles had a solid debut season in Utah, starting 32 games. His playmaking ability from the wing was useful for the Jazz's offense, and Ingles proved stout defensively. After making the league minimum as a rookie, Ingles now gets a healthy raise as a restricted free agent. The return of Alec Burks and development of Rodney Hood might push Ingles to a smaller role going forward, but he'll be a reliable option when needed.

What's next: Utah has yet to sign rookie Trey Lyles while waiting to see whether it will use cap space to make a move. (Lyles' cap hit will increase by a little less than $400,000 when he signs his contract, assuming he gets the maximum possible 120 percent of rookie scale.) The Jazz have the ability to increase their room from $9-11 million to $14-16 million by waiving forward Trevor Booker, whose contract is only $250,000 guaranteed until July 15. It's unlikely Utah has anything big in store, but the team is staying open for business just in case.