SEPTEMBER 5TH: The Clippers have offically signed Davies, the team confirmed today in a press release. The amount of his guarantee still isn't known.
JULY 2ND: In addition to inviting Brandon Davies to play on their Summer League squad, the Clippers have also signed the undrafted free agent to a partially guaranteed one-year contract, reports Sean Deveney of the Sporting News (via Twitter).
Davies, a 21-year-old power forward, played four seasons at BYU, averaging 17.7 PPG and 8.0 RPG in 36 contests during his senior year. The BDA Sports client was ranked 63rd among this year's prospects by Jonathan Givony of DraftExpress.com and 90th by ESPN.com's Chad Ford, so it's not shocking that he wasn't selected on draft night.
Assuming the deal is finalized, as Deveney's tweet suggests, it wouldn't violate the July moratorium. Minimum-salary contracts for one or two seasons can be signed during the moratorium, and that's almost certainly the sort of deal Davies agreed to, though it's not clear what sort of guarantee he received.