JULY 12TH, 4:06pm: The deal is official, the Grizzlies announced via press release. Daniels was acquired for an undisclosed amount of cash, per the announcement.
JULY 9TH, 6:50pm: The Grizzlies are finalizing a three-year, $10MM deal with free agent shooting guard Troy Daniels, tweets Adrian Wojnarowski of The Vertical. Daniels will join Memphis in a sign-and-trade with the Hornets (Twitter link).
Daniels appeared in 43 games with Charlotte this season, averaging 5.6 points in a little over 11 minutes of playing time. The 24-year-old 3-point specialist connected on 48% of his shots from beyond the arc.
By sending Daniels to Memphis via trade, the Hornets will create a trade exception worth half of his salary in the first season of the new deal, tweets The Vertical’s Bobby Marks. That exception will be $1.6MM, according to Rick Bonnell of The Charlotte Observer (Twitter link). The Grizzlies will be Daniels’ fourth NBA team in his three-year career.
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