The Grizzlies have signed free agent forward Braxton Key, the team announced today in a press release (Twitter link). Memphis had an open spot on its 21-man offseason roster, so no corresponding move was necessary to make room for Key.
A 6’8″ forward who has played for the Sixers, Pistons, Nuggets, and Warriors, Key spent most of the 2024/25 season in the G League. He made a total of 49 appearances for the San Diego Clippers and Santa Cruz Warriors, averaging 16.5 points, 8.9 rebounds, 4.2 assists, 2.7 steals, and 1.1 blocks in 31.7 minutes per game.
Key’s strong play in the G League earned him a late-season call-up to the Warriors’ roster. He signed a two-way contract in March and was promoted to a standard deal on the final day of the season, though he only logged 11 total minutes in three garbage-time appearances for Golden State.
While the Grizzlies didn’t specify what kind of contract Key signed, it’s likely a non-guaranteed Exhibit 10 deal. If so, it could be converted to a two-way contract prior to the regular season or it could make Key eligible to earn a bonus worth up to $85,300 if he’s waived and then spends at least 60 days with the Memphis Hustle. The Grizzlies’ G League affiliate would need to acquire his returning rights from the Clippers’ affiliate for that to happen.
Assuming Key is in fact on an Exhibit 10 deal, he’s one of three Exhibit 10 signees on Memphis’ roster, along with Lawson Lovering and Tyler Burton. The team is also carrying 15 players on guaranteed deals and three on two-way contracts.