The 32nd overall pick of the 2017 draft, Reed spent his first two seasons with the Suns and Pacers before spending time in the NBAGL and playing professionally in Taiwan. He returned to the NBA in 2021/22 with the Nuggets and re-signed with Denver as a free agent last summer.
Reed was traded to the Lakers in February in a multi-team deal that sent Thomas Bryant to the Nuggets. The 28-year-old wing was waived by Los Angeles on the last day of the regular season to create roster space.
Reed, who averaged 3.3 points and 1.8 rebounds per game while shooting 40.9% from deep over the past two seasons (91 games, 11.1 minutes), signed with Ukrainian team Prometey BC as an unrestricted free agent this summer.
His stint with Prometey — which is currently in the EuroCup tournament and competes in the Estonian-Latvian Basketball League due to the ongoing war in Ukraine — was short-lived, however, as he’ll reportedly be returning stateside in an effort to make it back to the NBA.
It’s worth noting that Reed holds four seasons of NBA experience and is thus ineligible for a two-way contract. In order to return to the league, he’ll have to be offered a standard deal.
It’s possible Reed could be competing for a chance at a 10-day contract with Memphis — the Grizzlies currently have guards Shaquille Harrison and Jaylen Nowell on 10-day deals after qualifying for a couple extra roster spots via the hardship provision. Those contracts expire on December 3.