Memphis Grizzlies forward Kenneth Lofton Jr. (6) Brett Davis-USA TODAY Sports

Shortly after being waived by the Grizzlies, free-agent forward Kenneth Lofton Jr. has agreed to sign a two-way contract with the Sixers, sources tell Adrian Wojnarowski of ESPN.

Lofton became the victim of a roster crunch in Memphis when the team needed to open up a roster spot to activate Ja Morant following the completion of his 25-game suspension. Lofton was part of the 15-man roster to open the regular season but lost his spot to Bismack Biyombo, whom the Grizzlies signed when they placed Morant on the suspended list in early November.

Lofton, who went undrafted out of Louisiana Tech in 2022, spent most of his rookie season on a two-way deal with Memphis. He appeared in 24 games for the NBA club, averaging 5.0 points and 2.1 rebounds in 7.3 minutes per contest, and received a promotion to the standard roster near the end of the season.

However, the burly 6-foot-7 forward failed to establish himself as a regular rotation piece this fall, averaging just 2.6 PPG and 1.0 RPG in 15 appearances (6.6 MPG) and making only 37.8% of his shots from the floor. Because his contract wasn’t guaranteed beyond this season, he became a logical release candidate once the Grizzlies decided they wanted to hang onto Biyombo.

To make room for Lofton, the Sixers are waiving guard Javonte Smart, reports Wojnarowski.

Smart got into just one game this season for Philadelphia, having spent most of the season with the Delaware Blue Coats in the G League. Across 16 Showcase Cup games for Delaware, he averaged 21.0 points, 5.8 assists, and 3.9 rebounds in 34.5 minutes per game, with an impressive shooting line of .466/.424/.970.

Lofton will add some depth to the 76ers’ frontcourt and will join guards Terquavion Smith and Ricky Council as the team’s two-way players.

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