3:51pm: The team has confirmed the transaction via a press release.
Frazier’s second 10-day contract with the club expired on Friday night. He signed a 10-day with Memphis in January, then was re-signed in the middle of April.
Normally, teams can’t sign players to three 10-days in a season. Frazier would have be allowed to sign a third 10-day contract with Memphis because the first 10-day deal was completed using the team’s hardship exception and didn’t count toward the usual limit. However, the Grizzlies opted to give him a standard contract anyway.
He’s appeared in three games this season, averaging 1.3 PPG and 2.3 APG in 11.o MPG.
The well-traveled Frazier has also played for the Sixers, Blazers, Pelicans, Wizards, Bucks and Pistons. He went unselected in the 2014 draft.