Ronald Tillery of the Memphis Commercial Appeal reports:
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Free-agent point guard Jason Williams has agreed in principle to sign with the Grizzlies, according to sources with knowledge of the situation.
Barring an unforeseen development, the 35-year-old will join the team by Monday.
Williams informed Griz management of his decision Wednesday night while the team played on the road against the Minnesota Timberwolves.
The Orlando Magic waived Williams on Jan. 26. Williams and the Magic agreed to part ways over a lack of playing time. He became a fourth-string player after Orlando acquired Gilbert Arenas in a trade with Washington.
