Grizzlies sign Nick Calathes

MEMPHIS, August 20, 2013– The Memphis Grizzlies signed guard Nick Calathes, the team announced today.  Per team policy, terms of the deal were not disclosed. 

Calathes (6-6, 213) was named the 2012-13 EuroCup MVP after recording 12.9 points, 5.9 rebounds and 6.7 assists on .521 shooting in 17 games during the EuroCup competition last season. 

The 24-year-old also posted 12.6 points, 5.3 rebounds and 4.2 assists on .547 shooting in 14 games for Lokomotiv Kuban of the Russian Professional Basketball League (PBL) and averaged 13.9 points, 4.3 rebounds and 6.1 assists on .555 shooting in 30 games in the VTB United League.

Calathes played his first three professional seasons in Greece for Panathinaikos Athens, helping guide the club to back-to-back Greek League Championships in 2010 and 2011 as well as a Greek League Finals appearance in 2012.  Panathinaikos won the 2011 Euroleague Championship and advanced to the 2012 Euroleague Final Four.

Drafted by the Minnesota Timberwolves in the second round (45th overall) of the 2009 NBA Draft, Calathes’ draft rights were traded to the Dallas Mavericks on draft night for a 2010 second round draft pick.  Memphis acquired the draft rights to Calathes from Dallas in exchange for lifting the protection on a 2016 second round pick already owed to the Mavericks (via Denver) on July 22, 2013.

A two-time Florida Mr. Basketball, the Winter Park, Fla. native played two seasons at the University of Florida, where he was named SEC Co-Freshman of the Year in 2008 and selected First Team All-SEC as a sophomore in 2009.  He led the Gators in scoring and assists per game in each of his two collegiate seasons, setting the school single-season record for assists (231) as a sophomore.  Despite playing only two seasons, Calathes ranks third in school history in assists (452).