2004/05: Coming off the first playoff appearance in franchise history, the Grizzlies had a new look and a new arena as they began play at the FedEx Forum. The new look Grizzlies would struggle earl losing 5 of their first 12 when 71-year old Coach Hubie Brown retired, saying he could no longer handle the day-to-day strain of coaching in the NBA. After losing all 4 under interim Coach Lionel Hollins the Grizzlies turned to Mike Fratello. After initially struggling under Fratello the Grizzlies would climb back above .500 in January posting a 12-3 record during the first month of the New Year. That January would be good enough to help the Grizzlies into the playoffs for the second straight year as they beat out the Minnesota Timberwolves for the final playoff spot with a 45-37 record. In the playoffs the Grizzlies would face the Phoenix Suns who posted the best record in the NBA, and would find themselves in an immediate hole losing the first 2 games on the road. Coming home they would not fair any better as the Suns won both in Memphis as the Grizzlies, failed to come up with their first postseason win again, getting swept in 4 straight for the second year in a row. Following the season the Grizzlies would undergo a roster makeover as James Posey and  Jason Williams were sent to the Miami Heat in a mega blockbuster deal that saw the Grizzlies land Eddie Jones, while Bonzi Wells was shipped to the Sacramento Kings in a deal that saw the Grizzlies land Bobby Jackson, in addition the Grizzlies would lose Stromile Swift to the Houston Rockets via Free Agency.
2005/06: The revamped Grizzlies started the season strongly winning 13 of their first 18 games. However, playing in the same division with the San Antonio Spurs and the Dallas Mavericks, the Grizzlies could still not do better then third place. The Grizzlies would play strong basketball all season as they posted a solid 49-33 record. Once again the Grizzlies were led by Pao Gasol who had another solid season with 20.4 ppg and 6.5 rebounds per game. While off the bench Mike Miller added an extra spark with 13.7 ppg with a team high 138 three pointers made as he earned recognition as the league's best 6th Man. However in the playoffs against the Dallas Mavericks the Grizzlies would once again find themselves overmatched as they were swept in four straight games for the third straight season, with only one game decided by less then 10 points. Following the season the Grizzlies continued to retool trading Shane Battier to the Houston Rockets to reacquire Stromile Swift, along with Rudy Gay the 8th overall draft pick.
2006/07: The new look Grizzlies would suffer a big loss before the season even started as Pao Gasol suffered a broken foot while leading Spain to victory in the FIBA World Championships in August. With Gasol missing the first 23 games the Grizzlies would get off to a terrible start winning just 6 of their first 30 games as Coach Mike Fratello was fired on December 28th and replaced on an interim basis by Tony Barone Sr. who was the team's player personnel director and never coached an NBA game.