7:27pm: The signing is official, according to a team press release.
9:36 am: Former Bucks swingman D.J. Stephens is returning to the NBA, according to Shams Charania of The Athletic, who reports (via Twitter) that the Grizzlies are signing Stephens to a two-way contract.
The Grizzlies currently only have one of their two-way slots filled, but they’re carrying a full 20-man preseason roster, so a corresponding move will be required to finalize the signing. Memphis will likely cut one of its players on non-guaranteed contracts, clearing the way for Stephens to join Japanese wing Yuta Watanabe as the two-way players on the roster.
Stephens, who played his college ball at the University of Memphis, went undrafted in 2013. After spending most of his rookie season in Greece, the 6’5″ guard/forward joined the Bucks briefly, appearing in three games with the team over the course of a 10-day contract.
Although Stephens later signed training camp deals with the Pelicans, Cavaliers, and Grizzlies, he hasn’t played in another NBA regular season game since that short stint with Milwaukee in 2014. His résumé since then includes stops in Turkey, Russia, Ukraine, Puerto Rico, France, and the G League. The 27-year-old won a championship in France last season playing for Le Mans.