Nick Calathes, formerly with Panathinaikos Athens, has agreed to terms with Memphis. (Rodolfo Molina/Getty Images)
The Memphis Grizzlies have agreed to a two-year deal worth $2 million with 2012-13 EuroCup MVP Nick Calathes, ESPN's Marc Stein reports.
The Grizzlies acquired Calathes' rights in a July trade with the Mavericks. The 24-year-old Calathes, a college star at Florida, played his first three professional seasons in Greece before joining Lokomotiv Kuban of the Russian Professional Basketball League last season. He averaged 12.6 points and 5.3 rebounds per game in 14 games.
Calathes was selected in the second round of the 2009 NBA Draft by the Minnesota Timberwolves, who then traded him to the Mavericks. He was first-team All-SEC as a sophomore in 2009 with the Gators.