Grizzlies Release Gilyard, Sign Goodwin To Two-Way Deal

The Grizzlies have released Jacob Gilyard and filled his two-way spot by signing Jordan Goodwin, the team announced in a press release (via Twitter).

ESPN’s Adrian Wojnarowski was first to report the moves (Twitter link), noting that Gilyard made a “positive impression” on Memphis despite being waived. He initially signed a two-way deal with the Grizzlies last April, making one appearance as a rookie in 2022/23.

Players on two-way contracts can only be active for 50 NBA games in a season. As we relayed a few days ago, Gilyard — a 5’9″ point guard who went undrafted in 2022 out of Richmond — was nearly at the 50-game limit, and the Grizzlies have a full 15-man standard roster.

Instead of converting him to a standard deal and having to waive someone on a guaranteed contract, they decided to cut Gilyard, who averaged 4.7 points and 3.5 assists while shooting 42.5% from deep in 37 games this season (17.7 minutes). He’ll still receive his full two-way salary, but two-way deals don’t count against the salary cap, whereas standard deals do.

Gilyard will become an unrestricted free agent on Monday if he clears waivers.

Memphis initially signed Goodwin to a 10-day hardship contract before the All-Star break. That deal expired after last night’s loss to the Clippers, but the Grizzlies will keep him around on a two-way contract.

A third-year guard out of Saint Louis, Goodwin has previously played for the Wizards and Suns. He has averaged 10.5 points, 5.0 rebounds, 3.0 assists and 1.5 steals in two appearances thus far with Memphis (26.5 minutes).

The Grizzlies have a full 18-man roster, with all three two-way slots filled.

View Comments (4)