The Memphis Grizzlies today re-assigned guard Josh Selby to the Reno Bighorns, the Grizzlies’ NBA Development League affiliate.

This is the second assignment for Selby.

Selby returns to the Bighorns following a four-game assignment in February, when he averaged 21.5 points, 5.5 rebounds, 3.3 assists and 30.8 minutes. He scored more than 20 points in three games with the Bighorns, including an NBA D-League career-high 26 points on Feb. 14 against the Austin Toros.

The Grizzlies have officially signed Gilbert Arenas for the remainder of the season.

Memphis will pay him a prorated salary worth about $300,000.

Gilbert Arenas worked out for the Grizzlies on Monday and will sign a contract with the club for the remainder of the season, according to sources.

Arenas hasn't played since the Magic used their amnesty provision upon him in the offseason.

The Grizzlies are thin in the backcourt, as Jeremy Pargo and Josh Selby have been inconsistent.

The Lakers were also a candidate to sign Arenas, but their need diminished following their trade for Ramon Sessions.

Grizzlies owner Michael Heisley has held talks with Larry Ellison, according to a report from the Memphis Commercial Appeal.

But Heisley doesn't anticipate making a deal with Ellison, who is the billionaire founder of Oracle. Ellison has long sought to buy an NBA team and would presumably move the team to the Bay Area.

According to a source, the only way the Grizzlies could break their lease with Memphis is if the team fails to meet certain benchmarks in attendance. The payment to break the lease this season would be $107 million and will decrease in each of the coming years.

With the Kings and Hornets agreeing to new deals with their respective cities, the Grizzlies appear to be the team most likely to be in danger of moving.

Gilbert Arenas will workout for the Grizzlies on Monday, according to a report.

Arenas, 30, was waived by Orlando in the preseason under the league’s amnesty provision.

He averaged 8 points, 3.2 assists and 2.4 rebounds in 49 games with the Magic last season.

The Sixers have acquired Sam Young in a trade with the Grizzlies.

Philadelphia will send the draft rights to Ricky Sanchez to Memphis in exchange for Young.

Young is in the final season of a three-year deal.

The Grizzlies are considering signing Gilbert Arenas, according to multiple sources.

Memphis wants to see Arenas in a private workout before making a decision. 

While the Grizzlies initially hoped to sign Arenas to a 10-day contract, he is looking for a guaranteed deal for the remainder of the season.

The Nets, Hornets and Timberwolves have had the most players miss games due to injury this season, followed by the Bobcats, Knicks, Grizzlies and Raptors.

On the other end of the spectrum, the Suns, Jazz, Kings, Magic, Rockets, Mavericks, 76ers, Lakers, Warriors and Heat have missed the fewest games.

Following the Heat in the middle chunk are the Blazers, Clippers, Cavaliers, Bulls, Pistons, Nuggets, Thunder, Spurs, Hawks, Celtics, Wizards and Bucks.