After acquiring guard Nick Calathes via trade from the Dallas Mavericks, the Memphis Grizzlies have decided to buy him out from his Euro League contract and add him to the roster. Twitter acount @CamOnGriz (seriously who is this guy? He hasn't missed all summer) broke the news earlier today and Calathes later confirmed the news via his twitter account:
Grizzlies and Calathes have agreed upon a deal.— CamOnGriz (@CamOnGriz) August 9, 2013
Excited to start the new year with Grizz nation. Thanks everybody for all the support. Thank you Loko as well for a great year last year.— Nick Calathes (@Nick_Calathes15) August 9, 2013
Last season for the Lokomotiv Kuban Krasnodar's, Calathes averaged 12.9 points on 51.4 percent shooting, 6.6 assists and 5.9 rebounds per game. His efforts led him to win the 2012-13 Eurocup MVP.
Nick will join a crowded backcourt, one that features Mike Conley, Jerryd Bayless, Jamaal Franklin, Tony Wroten, Josh Akognon and Tony Allen. Since Conley and Allen have their starting positions locked down, Calathes will join a heated battle for the reserve point guard. He doesn't help the team's biggest flaw, perimeter shooting (best 3-point shooting output was at 39 percent during his second year at the University of Florida), but he brings depth to a position the Grizzlies have struggled with the past few years.
The roster now stands at 17, two slots higher than the league-allowed 15 spots. Donte Greene and Willie Reed are most likely the odd-men out as their contracts for the 2012-13 season are non-guaranteed.
Update (3:45 PM)
The deal for Nick Calathes to join the Memphis Grizzlies will be a two-year deal according to Marc Stein of ESPN:
Hearing that Nick Calathes' deal with Memphis is a two-year pact at just under $2 million— Marc Stein (@ESPNSteinLine) August 9, 2013