Grizzlies Sign Justin Bean, Jacob Gilyard

The Grizzlies have signed undrafted rookies Justin Bean and Jacob Gilyard, and their 20-man roster for training camp is now set, the team announced (via Twitter).

As a senior for Utah State last season, Bean averaged 17.4 PPG, 9.9 RPG, 2.6 APG and 1.6 SPG on .534/.465/.800 shooting in 34 games (35.4 MPG). For his efforts, he was named an All-Mount West Conference member for the third time in his college career, and earned a second berth on the MWC’s All-Defensive squad.

Gilyard spent his entire five-year college career at Richmond, averaging 13.3 PPG, 5.4 APG, 3.5 RPG, and 2.9 SPG on .395/.360/.860 shooting in 37 games (38.5 MPG) in 2021/22. He earned All-Atlantic 10 honors in four of his five college seasons, was named the A-10 Defensive Player of the Year in 2020, and became the all-time NCAA Division I leader in steals over the course of an impressive college career.

Bean, a 6’7″ forward, was reportedly joining the Clippers on an Exhibit 10 deal, but the transaction was never officially completed and now he’s joining Memphis. While the terms of Bean’s contract were not disclosed, it’s likely to be an Exhibit 10 contract. He played for the Clippers in Summer League, but struggled during his limited run, averaging just 2 PPG and 3.5 RPG in four games (12.2 MPG).

Gilyard, a 5’9″ point guard, was expected to join the Grizzlies on an Exhibit 10 contract, so that now move is now official. The 24-year-old suited up for the Warriors’ Summer League team at the California Classic earlier this month and then played for the Timberwolves in Las Vegas. He struggled with his shot, making just 5-of-18 field goal attempts (2-of-13 threes) across six games at the two events, but it appears the Grizzlies view him as a promising developmental project.

An Exhibit 10 deal is a one-year, minimum-salary contract that counts toward a team’s 20-man offseason roster limit, but doesn’t count against the cap unless the player makes the regular season roster. Although it’s not guaranteed, a player on an Exhibit 10 contract can earn a bonus of up to $50K if he’s waived and then joins his team’s G League affiliate — in this case, that would be the Memphis Hustle.

The Grizzlies are facing a regular season roster crunch because they have 15 players on fully guaranteed standard contracts, plus injured wing Danny Green with a nearly $7MM partial guarantee on his $10MM deal. Both of the team’s two-way slots are filled as well. As such, both Bean and Gilyard are likely to be waived and headed to the Hustle before the season starts.

The Grizzlies reportedly reached agreements with Keve Aluma and Dakota Mathias, but neither transaction was completed. It’s unclear if the players are still in Memphis’ plans, but if so, they’re likely headed to the Hustle as well if and when Gilyard and Bean are released.