SEPTEMBER 21, 12:08pm: The Grizzlies have officially signed Rabb, the team announced today in a press release.
SEPTEMBER 18, 7:58pm: The Grizzlies and Rabb have agreed to a three-year deal, with the first two seasons fully guaranteed, reports Geoff Calkins of The Memphis Commercial Appeal.
5:56pm: The Grizzlies are close to reaching an agreement with rookie forward Ivan Rabb on a three-year contract, reports Marc J. Spears of The Undefeated. Rabb, the 35th overall pick in this year’s draft, had been one of the last 2017 draftees who remained unsigned.
Many draft experts and NBA observers expected Rabb to declare for the draft a year ago, but he made the surprise decision to stay at Cal for his sophomore season. In his second year with the Golden Bears, Rabb averaged a double-double with 14.0 PPG and 10.5 RPG, though his FG% dipped from .615 in his freshman year to .484 in 2016/17.
Viewed as a probable first-rounder if he had entered the 2016 draft, Rabb slipped to the second round this spring. The Grizzlies sent a 2019 second-round pick to Orlando in order to acquire the No. 35 overall pick, which they used to select Rabb.
While exact terms of the agreement aren’t yet known, the Grizzlies figure to use their mid-level exception to sign Rabb — that exception allows the club to offer slightly more than the minimum and to go beyond a two-year contract. Memphis already used most of its MLE to lock up Ben McLemore, Rade Zagorac, and Dillon Brooks, but still has about $1.44MM left, which is more than enough for Rabb’s starting salary.
Assuming Rabb’s 2017/18 salary is fully guaranteed on his new deal with Memphis, the team will have 16 players on guaranteed contracts. That number would increase to 17 if the Grizzlies work out a new deal with JaMychal Green, who remains a restricted free agent. Teams are only allowed to carry 15 players on their regular season rosters, so the Grizzlies will potentially have to make a trade or two before opening night in order to avoid eating some guaranteed money.