THURSDAY, 2:30pm: The deal is official, the team announced.
TUESDAY, 6:53pm: Michael Beasley has reached an agreement on a non-guaranteed contract with the Grizzlies, reports Adrian Wojnarowski of Yahoo! Sports. Beasley spent this week working out with Memphis, according to Wojnarowski, who writes that the former No. 2 overall pick has chosen the Grizzlies because of the opportunity to make the team as a backup power forward. The Memphis roster now stands at 20, but with only 14 fully guaranteed deals Beasley figures to have a reasonable shot to break camp with the team. The Grizzlies are limited to giving him the minimum, since the sliver of their mid-level exception that they have remaining exceeds the amount of the rookie minimum, but not the minimum for a player with the six years of experience that Beasley has.
The talented but troubled Kansas State product, still only 25 years old, was drafted by Miami in 2008 and spent time with the Timberwolves and Suns before returning to the Heat for a second term last season. The Jared Karnes client auditioned for the Spurs last week, had a pair of workouts with the Lakers earlier in the offseason and had reportedly drawn interest from a few other teams. Beasley would have liked to have re-signed with the Heat, but concerns over his defense and maturity persuaded the team against bringing him back, we heard earlier this month.
Beasley has averaged 13.2 points and 4.9 rebounds over six years in the league. Last season, on a loaded Miami team, he posted career-low averages in points (7.9), rebounds (3.1) and minutes (15.1). He will be competing against fellow non-guaranteed camp invitees Earl Clark, Patrick Christopher, Luke Hancock, Kalin Lucas and Hassan Whiteside for the Grizzlies final roster spot.