The Memphis Grizzlies struck out on a big-name free agent when Ray Allen chose to sign with the Miami Heat on Friday. According to The Commercial Appeal, the Grizzlies had pursued Allen and held a teleconference with him. Nevertheless, the 10-time All-Star found the defending champions to be more attractive.
Despite missing out on Allen, the Grizzlies still have a chance to rope in the free-agent shooter they need. Memphis is looking at several players, including Randy Foye, as the above Commercial Appeal article mentioned.
Also, RIA Novosti reported that the Grizzlies are among three teams that have offered deals to CSKA Moscow guard Alexey Shved.
The Grizzlies have one little tool to wave at possible acquisitions—the $5 million per year mid-level exception. However, as the Memphis Flyer reported, the Grizzlies can only offer a full mid-level exception if they withdraw their qualifying offer to Darrell Arthur.
Otherwise, they'd only be able to offer a $3 million per year mini-mid-level exception.
Withdrawing that qualifying offer could be key for the Grizzlies in getting the right guy, as Foye could demand the full mid-level exception.
Following is a breakdown on Foye and others the Grizzlies could pick up to fill the role of the reserve shooter.