ESPN’s Shams Charania reports the Mavericks have agreed on a two-way contract with Walter Clayton Jr.

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The 18th overall pick in the 2025 draft, Clayton was traded from Utah to Memphis as part of the Jaren Jackson Jr. deal in February. Even with the Grizzlies’ point guard rotation in flux due to injuries and a desire to trade Ja Morant, Clayton couldn’t carve out a consistent role in Memphis. Earlier Monday, the Grizzlies reportedly hoped to trade WCJ, but they couldn’t make a deal happen. As for Peavy, the Grizzlies acquired him from the Pelicans in the summer along with Jordan Hawkins, who was waived earlier in the preseason.