The Grizzlies announced in a press release that they have signed guard David Stockton and waived guard Ahmad Caver.
The terms of Stockton’s contract weren’t disclosed, but it’s almost certainly an Exhibit 10 contract. As with Caver, he will likely be waived before the season starts. The move is procedural in nature, as it will allow the Grizzlies to give Stockton a bonus of up to $50K if he sticks with their G League squad, the Memphis Hustle, for at least 60 days.
Stockton is a six-year veteran of the G League and has seen action in six total NBA games since going undrafted in 2014. He has also played for several overseas teams during the course of his career. In 184 G League contests, he holds career averages of 17.3 PPG, 3.5 RPG, and 6.9 APG in 29.9 MPG, with a shooting line of .450/.369/.820. He suited up for the Hustle last season in the G League bubble in Orlando.
Caver spent the past two seasons with the Hustle after going undrafted out of Old Dominion in 2019. He had a productive run for the team last season, putting up 16.5 PPG, 4.1 RPG, and 3.9 APG in 29.4 MPG off the bench.
The move leaves the team with the preseason maximum of 20 players under contract: 15 with guaranteed deals, Sam Merrill with a partial guarantee of $500K, and both two-way slots filled.