The Memphis Commercial Appeal reported Tuesday (Wednesday, PHL time) that the Memphis Grizzlies have signed free agent guard Gilbert Arenas to a one-year contract for the veteran's minimum.
The team's general manager Chris Wallace confirmed the news to Grizzlies beat writer Ronald Tillery.
Arenas had been in town for a series of physicals that he passed, prompting the team to sign him in order to boost their backcourt rotation.
A 10-year veteran who has played for the Golden State Warriors, Washington Wizards and Orlando Magic, Arenas was released by the Magic prior to the start of the season. The Los Angeles Lakers had expressed interest in Arenas earlier this year, but the team opted instead to pursue a point guard through trade.
Arenas has career averages of 23 points, 3.6 rebounds and 5.4 assists, but saw his numbers plummet while in Orlando. The Grizzlies are hoping in particular, that his three-point accuracy picks up from the career-low 27.5 percent figure that it was as a member of the Magic.
Memphis is currently four games behind the division-leading San Antonio Spurs in the Southwest Division, good for the fifth spot in the Western Conference. – AMD, GMA News