There was little splash or fanfare. And there didn't need to be.
Per ESPN.com's Marc Stein, "The Mavericks were hoping to keep Carter but didn't have the financial flexibility to pay him the sort of money Memphis offered after extending a three-year, $46 million offer sheet to Houston Rockets restricted free agent Chandler Parsons."
With wing players like Parsons and Gordon Hayward—whose four-year, $63 million offer from the Charlotte Hornets was matched by the Utah Jazz on Saturday—going for big money, finding someone of Carter's caliber for a friendly $4 million annually is a borderline steal.
Yes, he's way past his high-flying prime, but even in a reduced role, he's still easily worth those dollars.
The 37-year-old averaged 11.9 points, 3.5 rebounds and 2.6 assists last season in Dallas, his third with the club after arriving in 2011. Carter also made 39.4 percent of his three-point attempts on the season, only slightly down from the 40.6 percent mark he set the season before.
A few timely shots and admirable bench contributions surely fall short of his once prolific production, but then again, the Grizzlies didn't pay superstar money for Carter. They paid for a role player, and that's exactly what they'll get.
It just so happens that this role player meets a very real need for Memphis.
The 2013-14 iteration of these Grizzlies did an admirable job of pushing the Oklahoma City Thunder to a seventh game in the first round of the playoffs, but something was undoubtedly missing all season long. This team ranked 27th league wide in points scored with just 96.1 per contest, and that was in in spite of a 46.4 field-goal percentage than ranked seventh in the league.
Much of that had to do with Memphis ranking dead last in pace.
But it also had something to do with the Grizzlies' utter failure from beyond the three-point arc.
Their efficiency from beyond that arc (35.3 percent) wasn't terrible. The problem was that Memphis only attempted 14 three-pointers per contest, which again ranked them last in the league.
So the big takeaway from those numbers is that last season's Grizzlies played very slow and didn't take nearly enough three-pointers. They simply didn't have the personnel to do otherwise.
Carter will help change that. He's attempted at least 4.6 three-pointers per game in each of the last two seasons. As his athleticism and in-between game have declined, the perimeter game has become Carter's wheelhouse, and he's still plenty effective from long range.
Just as importantly, Carter has a scorer's mentality. Even if he's no longer equipped to put up at least 20 points per game, he makes the most of his minutes and does so unabashedly.
The Grizzlies need that kind of aggressiveness.
And on paper, they certainly needed some help on the wing. At the moment, the organization's only other veteran options include Tayshaun Prince and Quincy Pondexter, along with guards Tony Allen and Courtney Lee.
There's probably some hope internally that youngsters like Jamaal Franklin and Jordan Adams pan out, but only time will tell.
In the interim, Memphis needed a sure thing—if not a mentor to help those youth along.
To be sure, the Grizzlies aren't the only winners here. Carter suddenly finds himself on a strong, defensively-minded playoff team that's not all that unlike the Mavericks themselves. That's a good thing given that Carter really wasn't all that eager to leave the Mavs.
According to SportsDay DFW's Eddie Sefko, in March Carter said, "I think I’ve earned the right to stick around."
He added, "I like the guys. I like the nucleus we have here. With my role and the way I play and the way I go about things, it really helps guys here. And they like that. Hopefully, that’s enough so that they can still have trust in me enough to play significant minutes and help the other guys out."
Things won't be entirely the same, of course. But Memphis offers Carter the opportunity to have plenty of playing time alongside a nice mix of young and veteran players—some with whom he can relate to and some he can help mentor.
And much like Dallas, Memphis means the chance to upset some contenders in the postseason.
Dallas came within a game of doing so against the San Antonio Spurs. The Grizzlies were right there with OKC. Teams like Dallas and Memphis will remain underdogs in a crowded Western Conference, but they're the kind of underdogs who have quite the bite.
That's thanks in no small part to fearless leaders like Carter and a penchant for clutch greatness.
Only the basketball gods know exactly how much Carter has left in the tank, but if recent history is any indication, there's just enough to make an impact when it matters.
Without the requisite cap flexibility to chase a more prominent star, Memphis will take what they can get.
It turns out the best they could get isn't half bad.