The Memphis Grizzlies signed guard Nick Calathes to a two-year deal worth a little less than $2 million, ESPN.com reported.
Memphis had acquired Calathes earlier this summer in a trade with the Dallas Mavericks. The Mavs received cash in exchange for Calathes.
Calathes played the past four years in Europe.
Calathes is expected to be the Grizzlies third point guard behind Mike Conley and Jerryd Bayless.