Grizzlies Sign Bruno Caboclo To Multiyear Deal

9:09am: Caboclo’s new deal with the Grizzlies is now official, according to the NBA’s transactions log.

7:56am: Bruno Caboclo‘s second 10-day contract with the Grizzlies expired overnight, but the team won’t be letting him get away, per reports from Chris Herrington of The Daily Memphian and Michael Wallace of Grizzlies.com (Twitter links). According to Herrington and Wallace, Memphis is signing Caboclo to a rest-of-season contract that will also include a salary for 2019/20.

The 20th overall pick in the 2014 draft, Caboclo never developed into a rotation piece for Toronto and didn’t play much for Sacramento last season after the Raptors traded him to the Kings in a deadline deal. However, he has earned regular playing time during his 20-day, 10-game stint with the Grizzlies so far, averaging 6.1 PPG and 3.2 RPG in 21.1 minutes per contest.

While Caboclo has continued to struggled with his shot (.333 FG%, .250 3PT%) in Memphis, the club’s coaching staff has been intrigued by his “size, length, defensive instincts, and offensive potential,” tweets Wallace. The Grizzlies view him as an asset and want to continue working on developing his game.

The exact details of Caboclo’s new contract aren’t known, but the Grizzlies don’t have their mid-level or bi-annual exceptions available, so it’ll be a minimum salary deal, and the second year seems unlikely to be fully guaranteed. The prorated cap charge for this season will be approximately $487K, assuming the deal is officially finalized today.

Caboclo will continue to fill the 15th and final spot on Memphis’ roster, meaning the Grizzlies would have to release someone with a guaranteed contract if they want to add any other new players down the stretch.

As our 10-day tracker shows, Caboclo will become the first player this season to parlay a pair of 10-day deal into a rest-of-season contract with that same team.