The Grizzlies will sign Darko Milicic to a three- or four-year deal worth $6-7 million, the Memphis Commercial Appeal reports. The Serb apparently lost his Magic when the team picked up Seattle free agent Rashard Lewis this week. Milicic, who was the second overall pick in 2003's draft, put up 8.0 PPG last season with 5.5 rebounds.
Though the terms of the deal have not been finalized, an NBA source says Memphis is willing to offer most of its $8 million remaining under the salary cap. Lewis, who averaged a career high 22.4 points per game last season, has reportedly signed with Orlando for at least $110 million over six years.