The Grizzlies have agreed to a two-year, $4.5MM contract with guard Cam Spencer, sources tell Shams Charania of ESPN (Twitter link). The deal is fully guaranteed, Charania adds.
Memphis made Spencer a restricted free agent on Sunday by tendering him a qualifying offer. He spent 2024/25 — his rookie season — on a two-way contract with Memphis.
It’s likely that Spencer signed a minimum-salary contract, which would be worth approximately $4.46MM over the next two seasons.
More to come…