With everyone else focused on trades, the Grizzlies are keeping an eye on the free agent market. According to Ronald Tillery of the Memphis Commercial Appeal, Memphis is exploring the possibility of signing Gilbert Arenas.
Tillery says the two sides have mutual interest, though no deal will be made until the Grizzlies see Arenas work out. A source tells Tillery that Arenas and the Grizz are working to schedule a meeting.
I'm a little surprised that Memphis would be willing to bring on a free agent, considering the team currently sits barely above the luxury tax line. I expected the club to try to make a move prior to tomorrow's trade deadline to get below that threshold, but perhaps it's not a major concern.
Arenas, who was amnestied by the Magic before the season, has also drawn interest from the Lakers.