FRIDAY, 3:38pm: The Warriors have officially signed Speights, the team announced today in a press release.
WEDNESDAY, 7:32pm: The deal will be for three years and $11MM, with a team option for the final season, tweets Marcus Thompson of the Bay Area News Group.
MONDAY, 6:32pm: The Warriors have agreed to terms on a three-year deal with big man Marreese Speights, a source tells Marc J. Spears of Yahoo Sports (Twitter links). The final year of the deal is a club option, tweets Sam Amick of USA Today. Marc Stein of ESPN.com (via Twitter) first reported that a deal was close.
The soon-to-be 26-year-old spent last season with the Grizzlies and Cavs, averaging 8.3 PPG and 3.0 RPG. The Grizzlies dealt him, Wayne Ellington, Josh Selby, and a future first-round pick to the Cavs for Jon Leuer in January, a deal that helped Memphis ease some of their payroll burden and get beneath the tax line.
Speights will help to fill the void left in Golden State when Carl Landry declined his paltry $4MM player option and wound up signing a four-year, $26MM deal with the Kings. Landry had said that he hoped to remain with Golden State, but a significant raise was enough to lure him away.
Speights had a $4.52MM player option for next season with the Cavs but opted out and Cleveland reportedly didn't pursue re-signing him. The Cavs didn't see him as a tremendous fit anyway, but with a frontcourt group that includes Anthony Bennett, Tristan Thompson, Anderson Varejao, and Tyler Zeller, there wasn't much room for him.
The big man is represented by ASM Sports, according to the Hoops Rumors Agency Database.