Grizzlies Waive Mamadi Diakite

11:24am: The move is official. The Grizzlies have formally announced that Diakite has been waived (Twitter link).

11:21am: After acquiring him from Brooklyn last month, the Grizzlies will waive big man Mamadi Diakite, reports Shams Charania of The Athletic (Twitter link).

Diakite, 27, finished last season with the Knicks, then was traded to Brooklyn in the Mikal Bridges blockbuster last month. He was flipped from the Nets to the Grizzlies in a subsequent deal that sent Ziaire Williams to Brooklyn and allowed Memphis to re-sign Luke Kennard while staying out of luxury tax territory.

A 6’9″ forward/center who played his college ball at Virginia, Diakite has appeared in a total of 55 regular season games for the Bucks, Thunder, Cavaliers, Spurs, and Knicks since making his NBA debut in 2021. He holds career averages of 3.1 points and 2.3 rebounds in 9.6 minutes per contest.

Diakite has a $2,273,252 cap hit for the 2024/25 season, but only $1,392,150 is guaranteed, so the Grizzlies will be on the hook for that partial guarantee if he goes unclaimed on waivers. While they have the option of carrying the full amount on this season’s cap, they instead intend to stretch it across three seasons at a rate of $464,050 through 2026/27, according to Chris Herrington of The Daily Memphian (Twitter link).

Using the stretch provision on Diakite’s partial guarantee will create a little extra spending flexibility below the luxury tax line, giving Memphis enough breathing room to sign a 15th man without becoming a taxpayer, as we recently noted in our look at the club’s offseason.

Once the move is official, the Grizzlies will have 17 players under contract — 14 on guaranteed standard salaries and three on two-way deals.