Grizzlies have claimed Beno Udrih off waivers, I'm told— Marc Stein (@ESPNSteinLine) February 26, 2014
In the search for a third point guard, the Grizzlies opted to go with Udrih over the high-profile Jimmer Fredette who is set to be a free agent after being bought out by the Sacramento Kings. According to Marc Stein, the Grizzlies failed to agree to a deal with Fredette, though one can probably guess that playing time was likely the issue here.
Bringing in Udrih gives the Grizzlies injury-relief as the basketball Gods haven't been too kind to the team this year. With Jerryd Bayless traded to the Boston Celtics, that leaves the team with two ball-handlers, them being Nick Calathes and Mike Conley. The addition of Udrih also creates some competition for the reserve point guard position. While Calathes has been solid this season, his production is replaceable. If Udrih can up his game there's a chance he's the number two guy if the team makes the postseason.
Udrih has averaged 5.6 points and 3.5 assists per game in 31 appearances for the New York Knicks.