MEMPHIS, Tenn–The Grizzlies waited until the very end to make it official, but decided on Tuesday to exercise their team option on the second year of Nick Calathes’ contract. It will cost the Grizzlies a little more than 800-thousand dollars to bring the back-up point guard back for his second season. Calathes wouldn’t have minded being let go because he had a standing offer from a pro team in Greece that would’ve paid him six million dollars over three years. Calathes played in 71 games in his rookie season while backing up Mike Conley. He averaged five points and three assists in 16 minutes a game last season. Beno Udrih is also on the Grizzlies roster. Calathes will have to miss the first 13 games of the coming season to finish out his suspension for using a banned substance at the end of last season.
Former Grizzlies guard Mike Miller announced he’ll sign with the Cleveland Cavaliers. It’s reportedly a two-year deal that will pay him 5.5 million dollars. It also reunites Miller with LeBron James. They won two world championships together as members of the Miami Heat.