June 10, 2023

Grizzlies Waive Kennedy Chandler; Sign Kenneth Lofton Jr To Multi-Year Deal; Sign Jacob Gilyard To Two-Way

With Steven Adams likely to miss the playoffs, the Memphis Grizzlies are making a series of moves to fortify their roster. The Grizzlies, as do all NBA teams, face a Sunday deadline for any roster shuffling to be completed.

Memphis is signing forward Kenneth Lofton Jr. to a multi-year standard contract. Lofton has appeared in 23 NBA games this season while on a two-way contract with the Grizzlies and Memphis Hustle of the G League. In 30 G League games, Lofton averaged 22.3 points, 10.1 rebounds, 3.6 assists and 1.2 steals.

Adding the 6-foot-8 forward will give the Grizzlies some additional frontcourt depth for the playoffs. This also keeps Lofton in Memphis into next season, as opposed to him being a restricted free agent this summer.

To clear the roster space to sign Lofton, Memphis is waiving Kennedy Chandler. The 6-foot guard was signed to a four-year contract worth $7.1 million before this season. That deal included $1.7 million in guaranteed money for next season and $2 million in guaranteed salary for the 2024-25 season.

Memphis will round out their roster moves by signing Jacob Gilyard to fill their open two-way spot. in 49 games with the Memphis Hustle of the G League, Gilyard averaged 8.6 points, 8.8 assists and 1.8 steals per game.

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