The Memphis Grizzlies have agreed to terms with free-agent forward Brandan Wright, a person familiar with the situation said.
The person spoke on the condition of anonymity Wednesday because the deal hasn't been formally announced. Yahoo Sports first reported the deal.
With teams across the NBA spending or offering huge sums of money on the opening day of free agency, the Grizzlies' deal with Wright looks like a potential bargain. The Grizzlies used their full mid-level exception - three years and about $18 million - to land the 6-foot-10 forward.
The 27-year-old averaged 7.3 points and 4.3 rebounds this season while spending time with the Dallas Mavericks, Boston Celtics and Phoenix Suns. The former lottery pick from North Carolina also has played for the Golden State Warriors and New Jersey Nets since beginning his NBA career in 2007.
Wright is returning to his home state as he gives the Grizzlies an athletic, versatile player to bolster their frontcourt. Wright grew up in the Nashville area and played at Brentwood Academy.
The Grizzlies are still attempting to improve their outside shooting, but their biggest free-agent priority is trying to keep 7-foot-1 center Marc Gasol, who became the first Memphis player voted to the All-NBA first team this past season. Gasol averaged 17.4 points, 7.8 rebounds, 3.8 assists and 1.6 blocks.
AP Basketball Writer Jon Krawczynski contributed to this report.