The Memphis Grizzlies have signed veteran forward Anthony Tolliver to a 10-day contract, the team announced Monday.

In the corresponding roster move, Memphis waived forward Jordan Bell.

Tolliver will be postseason eligible for the playoff-hopeful Grizzlies after being bought out by Sacramento. He gave the Kings back $144,901 -- the same amount to a 10-day contract. Because Tolliver was on a veteran's minimum, Sacramento still will have a cap hit of $1.6 million and will receive minimal savings from the buyout.

Memphis holds a three-game lead over the Pelicans for the No. 8 spot in the Western Conference. Tolliver will be in uniform for Memphis' game Monday night against the Hawks.

Tolliver signed with the Trail Blazers in the offseason, but Portland shipped him to Sacramento at last month's deadline. The 34-year-old is averaging 3.3 points and 2.9 rebounds in 15.1 minutes per game this season. He's a career 37.3 % shooter from 3-point range in his 12 NBA seasons.

The 6-foot-8 Tolliver also should help a Memphis team currently without the injured Jaren Jackson Jr. (knee) and Brandon Clarke (quad). Both are expected to miss at least an additional week.

Information from ESPN's Bobby Marks was used in this report.