The Grizzlies are close to a deal with Mo Williams, reports Jared Zwerling of Bleacher Report (Twitter link). The would-be deal would run three or four years, Zwerling adds. The Cavs and Hornets have seemingly been in pursuit, and Williams reportedly had mutual interest in Cleveland, where LeBron James has been high on the return of his former Cavalier teammate, as Chris Haynes of the Northeast Ohio Media Group reported.

Interest from Memphis would seemingly be a forboding sign for Beno Udrih, whose salary is only guaranteed for for $923K until Sunday, when the guarantee would jump to more than $2.17MM, especially since the team already has Russ Smith around on a cheaper guaranteed contract and tendered a qualifying offer to Nick Calathes. In any case, the Grizzlies will likely be able to spend the $5.464MM taxpayer’s mid-level exception, which would almost certainly give them to power to outbid the Cavs for Williams.