CNN/SI and the Associated Press confirmed yesterday's reports that Pau Gasol has signed with Memphis. Gasol is expected to travel from Spain to Memphis this weekend. Grizz GM Billy Knight said, "With Pau's contract status now secure, we can focus on bringing him to camp and getting him ready to take the first steps of what we expect will be a very successful and long NBA career,"
Gasol had to buy his way out of his contract with Barcelona. For details on the financing, check the 'Related Piece' below. Yesterday's CNN/SI report indicated Gasol's buyout was $2.65M, which is about $100,000 under the maximum amount the Grizz can pay him as a signing bonus.