Douglas’ second 10-day contract expired over All-Star weekend and it was expected that, barring a major trade, he would return to Memphis. Memphis didn’t swing a deal today, so it shifted its focus back on Douglas.
Having already signed him to two 10-day deals, the team needed to sign him through at least the remainder of the season. The point guard saw regular minutes in Memphis over the last few weeks. He averaged 5.3 points and 2.2 assists in 16.8 minutes per games during 13 contests with the Grizz this season.
Assuming the deal is a minimum salary arrangement, Douglas will make slightly under $350K for the remainder of the season. He’ll make approximately $1.36MM next season should the team pick up his option.