Grigsby's three-day total of 62-11 was impressive, but the remaining top 12 anglers know there are huge spawners on the Harris Chain of Lakes that can easily make up that difference.
That happened the last time the Elite field competed on Harris, when in that 2008 contest Brian Snowden's 10-pound lead was not enough to fend off Mike McClelland, who won then with 59-2.
Already surpassing that after three days, Grigsby is the first to nod to the reality of what the Harris Chain can do to a long lead.
"I'm very blessed right now in catching the right fish, and just holding on," he said. "I really am. I feel like I'm holding on by my toenails, my fingernails, and I'll have to grow them out by tomorrow. I'm not catching all that's in there, I'm just catching enough to hang on. It will be a tight one."
Grigsby's success has been in a canal he's been sharing with at least two others, Grant Goldbeck and Pat Golden. The leader found heartache there too. Saturday he lost a bass that he estimated at 5 pounds.
"At the end of my day, she set up (on the bed), I threw in, and she ate it on the first cast. I got her to the boat, she went straight up in the air, and sent my bait flying, I don't know why. I lost her, and that's all there is to it," he said.
A win on Sunday would be the first in a Bassmaster event for Grigsby since 2000, when he won two to add to six previous Bassmaster wins. The Elite's first prize is $100,000, an instant qualification for the 2012 Bassmaster Classic, and the lead in the points race for the 2012 Toyota Tundra Bassmaster Angler of the Year title.
Going into Sunday's final round of the Top 12, no pro near the leaderboard's top was ready to concede to Grigsby. That included Goldbeck, who moved up from 16th place into the runner-up spot with 51-1; Stephen Browning, with 50-6; Golden with 49-2; and the hottest angler on the Elite circuit, 2010 and 2011 Bassmaster Classic champ Kevin VanDam, who had 48-10 for fifth place.
The highest-finishing Mississippi pro was Petal's Cliff Pace, who collected $10,000 for his 35th-place finish.
Complete standings can be found at Bassmaster.com.
Goldbeck brought in Saturday's biggest bag, 22-15, as well as the largest bass, a 7-4. It was another success on top of Friday's, when he sacked 27-1, but still he had regrets.
"I had a couple of 2-pounders in my bag today, and I left a few fish behind that are haunting me," he said. One was a bedding bass he estimated at between 12 and 14.
"For four hours I tried and never got her," he said.
He bypassed a 7-pound male on the same bed, making the call that taking the smaller bass would spook the behemoth.
"That would have been really helpful going into tomorrow," he added. "Shaw's fished a great tournament, and he deserves to win, but it would be nice to give him a little scare."
Grigsby and Goldbeck both said they thought their shared water would hold up under another day of pressure from them and Golden, also in the same small area.
Third-place holder Browning, who said he was not fishing for bedding bass, said he changed his tactics.
"I changed lakes, but did the exact same thing," Browning said. "The lack of wind was wonderful. I was fishing a worm, extremely slow, and that's been the biggest key for me this week. Every fish I've caught this week has been on a soft-plastic worm on the bottom."