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Well, Marreese Speights has tweeted that he's returning to the Memphis Grizzlies this summer. Welcome back, Spezzy!
Yessir I am going back to #grizznation!! This year yessir!!!!!
— Marreese Speights(@Mospeights16) July 6, 2012
The terms of his agreement are unknown at the moment, but the qualifying offer they extended to him was for $3.8 million. Again, it would seem as if he accepted that offer, which would in turn make him a unrestricted free agent next summer, if he doesn't re-up with the Grizzlies.
More details to come as they become public. But, for now, welcome back Mo Spezzy!
[Update...]
Grizzlies have reached an agreement on a 2-year deal with Mo Speights, per a source. Roughly $7 million total. 2nd year is a team option.
— Chris Herrington (@FlyerGrizBlog) July 6, 2012
So, there you have it. Not bad, considering some of the contracts that are being handed out these days -- wait, Jeff Green is getting $10 million per season? Welcome back, Mo!