Yuta Watanabe has officially signed with Japan’s Chiba Jets, according to Donatas Urbonas of BasketNews.com.

The contract terms weren’t released but it is expected to exceed $5MM, which would be the highest in B.League history.

Watanabe’s decision to return to his home country was reported last month. Watanabe, who finished last season with the Grizzlies, declined his $2.65MM player option at the end of last month.

Watanabe, 29, was born and raised in Japan, then played his college ball in the U.S. at George Washington from 2014-18. The undrafted 6’9″ forward spent a pair of seasons with the Grizzlies from 2018-20 and two years in Toronto from 2020-22. He enjoyed his best NBA season in Brooklyn in 2022/23, averaging 5.6 points and 2.4 rebounds per game off the bench while ranking among the league leaders in three-point percentage (44.4%).

Watanabe’s solid showing with the Nets earned him a two-year, minimum-salary contract from the Suns last summer, but he ended up not playing a major role in Phoenix, averaging just 13.2 minutes per game in 29 appearances before being traded to Memphis in February as part of the three-team deadline deal that sent Royce O’Neale and David Roddy to the Suns. He played just five games for the Grizzlies due to a wrist issue and personal reasons.

This summer, Watanabe is playing for Japan in the Paris Olympics.

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