The Memphis Grizzlies have reached a deal with free agent guard Jerryd Bayless, reports ESPN's Marc Stein.
The Memphis Commercial Appeal reports the contract is for two seasons.
Bayless can help replace the production of guard O.J. Mayo, who is expected to leave Memphis this offseason as a free agent. Bayless played the best season of his NBA career last year with the Toronto Raptors. He averaged 11.4 points and 3.8 assists per game.
Toronto decided to withdraw its qualifying offer to Bayless last week. The Raptors took Washington guard Terrence Ross with the No. 8 pick in the NBA Draft, and Bayless' playing time likely would have dropped this year.