Selden was coming off the best game of his young career with an 11-point performance against the Houston Rockets during the last day of his 10-day contract with the New Orleans Pelicans on Friday. The Kansas product was 4-of-5 from the floor with three treys to boot.
The move will give the Grizzlies three players at each guard position, while cementing veteran small forward Vince Carter as the starter until the end of the season.
Memphis is coming off winning three in a row after losing five straight in a tough stretch. The team will face a tough San Antonio Spurs side tonight, wrestling for a higher seed with the Oklahoma City Thunder and L.A. Clippers, who are tied for sixth place in the West.