The Milwaukee Bucks signed guard Royal Ivey to a one-year contract on Tuesday, the day after backup point guard Charlie Bell signed an offer sheet with the Miami Heat.

"Royal has shown that he can play both the point and off-guard positions," general manager Larry Harris said in a statement. "He has good size and athleticism, and brings a defensive mentality to our roster."

The Bucks have a week to match Bell's five-year, $18.5 million offer, and have not ruled out re-signing Bell even though he said Monday he did not want to return to Milwaukee.

"The Bucks said they didn't have this kind of money and didn't want to give me a long-term deal, so I would hope they stick to what they said and let me go," Bell said.