(WMC-TV) - The Memphis Grizzlies retained the services of veteran backup point guard Beno Udrih.
Udrih will sign with Memphis for two years under the bi-annual exception under the NBA's collective bargaining agreement. His contract will pay him $2.077 million for this season, and a non-guaranteed option of $2.17 million for next season. The total contract is for $4.25 million if the second year option is picked up.
The Grizzlies brought back Udrih after an impressive playoff showing against the Oklahoma City Thunder in the Western Conference Quarterfinals where Udrih filled in for suspended backup point guard Nick Calathes, admirably. Udrih averaged 7.9 points per game and 1.7 assists per game, including a combined 11-14 shooting performance in games 2 and 3, both Grizzlies wins.
Udrih's contract leaves the Grizzlies with roughly $4.2 million left under the NBA's 2014 luxury tax cap. Because, the Grizzlies used the bi-annual exception on Udrih, they are not allowed to go more than $4 million over the luxury tax cap under the "apron" rule of the NBA's collective bargaining agreement.
With Udrih's signing, the Grizzlies roster has 12 players. The team is allowed to have 15 on an active roster during the season. The team is expected to sign rookie forward Jarnell Stokes, as Stokes is averaging nearly a double-double in Orlando Summer league. The Grizzlies also have until July 15 to activate Calathes' team option.