Sources: Grizzlies hire Ed Stefanski for front office

The Memphis Grizzlies have reached agreement with well-respected executive Ed Stefanski to become executive vice president of player personnel, league sources told Yahoo Sports.

Stefanski will assume a key role in the Grizzlies' player personnel and scouting areas, serving under general manager Chris Wallace, sources said. Stefanski brings a strong player personnel background, as well as excellent relationships with front-office peers and agents.

In the aftermath of CEO Jason Levien's firing in Memphis, Stefanski's hiring is important in delivering Wallace and the organization an experienced, accomplished basketball executive. The return of Wallace to the top basketball job – and the addition of Stefanski – promises to help reconstruct the Grizzlies' credibility around the league.

Stefanski worked as a general manager with the Philadelphia 76ers and played a key role in the Nets' roster overhaul a decade ago that led to consecutive NBA finals appearances.

Most recently, Stefanski worked under former Toronto Raptors GM Bryan Colangelo as the executive VP of basketball operations.

More NBA coverage: