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Gilyard and the Nets agreed to a two-way contract Friday, Michael Scotto of USA Today reports.
Gilyard made 37 appearances for the Grizzlies this season before the franchise let him go last week. He averaged 4.7 points, 3.5 assists, 1.4 three-pointers and 1.2 rebounds in 17.7 minutes per game for Memphis. Though he'll link up with Brooklyn on a two-way deal, Gilyard is unlikely to see as ample playing time with the Nets as he had with the Grizzlies.
