According to Sam Amick of USA Today,
The Grizzlies have agreed to a three-year deal with former San Diego State swingman Jamaal Franklin, I’m told. Third year team option.
— Sam Amick (@sam_amick) July 25, 2013
Franklin, the 41st overall pick in this year’s draft, joins a deep Grizzlies wing rotation, and will have to fight among Tayshaun Prince, Quincy Pondexter, Tony Allen, Tony Wroten, Jerryd Bayless, the newly acquired Mike Miller, and potentially Donte Greene, for minutes on the wing this coming season.