The Memphis Grizzlies have signed Jason Preston and Timmy Allen. In a corresponding move, Memphis waived Matthew Hurt and Mychael Mulder.

Preston and Allen are likely to have signed non-guaranteed training camp contracts. Hurt and Mulder were both on Exhibit 10 camp deals, as well. All four players will likely land with the Memphis Hustle of the G League, as the Grizzlies are carrying 15 fully guaranteed standard contracts already.