The Grizzlies are exploring the possibility of adding free-agent guard Gilbert Arenas, according to multiple NBA sources.
Arenas, 30, remains unemployed after the Orlando Magic made him one of the first casualties of the amnesty clause provided in the latest collective bargaining agreement.
Despite mutual interest, no deal will be completed until the Griz have the opportunity to see Arenas in a private workout. A source with knowledge of the negotiations indicated both parties were arranging a meeting.
Even though Arenas averaged a career-worst 10.8 points a game and shot 36.6-percent in 2010-11 while playing for the Magic and Washington Wizards, the Griz need backcourt depth and more outside shooting.
Memphis (24-17) is the fourth seed in the Western Conference playoff standings but it isn’t comfortable with the backup point guards on the roster.
The 6-4 Arenas, if healthy and in shape, is a three-time All-Star who averaged 21.2 points and 5.4 assists as a combo guard in his 10-year NBA career.
Orlando still owes Arenas $62 million for using the one-time amnesty provision. If Arenas were to sign with the Griz, they could only offer him the veteran's minimum worth about $1.4 million.