According to ESPN's Adrian Wojnarowski, the first to report the signing, the offer sheet is for four years and $37.2 million -- using the Grizzlies' full midlevel exception -- and includes a 15 percent trade kicker (additional money paid to a player should he be traded). The Spurs would have 48 hours to match the offer sheet or lose the 24-year-old.
The decision would be particularly critical with the club reportedly listening to offers for Leonard. Anderson was expected to be the primary benefactor in terms of impact and playing time should the team part ways with Leonard.
Anderson has increased his scoring in each of his four seasons in San Antonio, averaging 7.9 points in 74 games last season. He also set career highs in starts (67), minutes (26.7 per game), rebounds (5.4), assists (2.7) and steals (1.6) last season.
The Spurs selected Anderson 30th overall out of UCLA in the 2014 draft.
--Field Level Media