4:50pm: Wells’ deal is official, the Grizzlies confirmed in a press release (Twitter link).
3:21pm: The Grizzlies are signing their second-round pick Jaylen Wells to a four-year, $7.9MM contract, a source informs Jonathan Givony of ESPN (Twitter link). That total suggests a minimum-salary agreement, which would be worth $7,895,796.
Givony notes that the first two seasons of the deal are fully guaranteed. The fourth year will be a team option, since it will be signed using the second-round pick exception.
Wells was selected with the No. 39 pick in this summer’s draft out of Washington State. He kicked off his collegiate career with Sonoma State before transferring to the Cougars last season. In 34 games (20 starts) in 2023/24, Wells posted averages of 12.6 points, 4.6 rebounds, 1.2 assists and 0.5 steals in 29.2 minutes per contest. The 6’7″ small forward had a shooting line of .436/.417/.814.
We’re tracking all of this year’s draft pick signings right here.