July 24: The signing is official, according to a team press release.
July 20: The Spurs are set to sign Summer League standout Matt Costello to a two-way contract, according to ESPN’s Zach Lowe (Twitter link). It will be the first two-way deal in the franchise’s history.
A Michigan State alum, Costello went undrafted in 2016, but caught on with the Hawks and spent training camp with the club. The big man didn’t make Atlanta’s regular season roster, but was signed – and then waived again – by the Grizzlies at the end of the preseason so that Memphis could gain his G League rights. Costello ultimately spent the season with Iowa, averaging 9.5 PPG and 10.3 RPG in 23 contests.
Costello showed off his rebounding prowess again this summer in Las Vegas, as his 12.0 RPG led all players in Summer League action. The 23-year-old played for the Timberwolves’ squad in Summer League, and according to Darren Wolfson of 5 Eyewitness News (Twitter link), Minnesota also had significant interest in locking up Costello to a two-way contract. However, he’ll make the move to San Antonio, and figures to spend much of 2017/18 with the Austin Spurs.
For more information on how two-way contracts work and how much they pay, be sure to check out our FAQ.