5:54pm: The Grizzlies have officially waived Rose, according to the NBA’s transactions log.
4:00pm: The Grizzlies plan to waive veteran point guard Derrick Rose, sources tell Shams Charania of The Athletic (Twitter link).
Rose had one year left on the two-year, veteran’s minimum contract he signed with Memphis last offseason.
According to Ian Begley of SNY TV (Twitter link), Rose requested to be released from his contract. Expect the former MVP to provide an update on his status later in the week, Begley adds. It remains to be seen whether Rose is contemplating retirement or seeking out another opportunity.
Rose had been expected to battle for playing time behind starting point guard Ja Morant. Memphis’ decision to waive Rose may signal that it will offer a standard contract to Scotty Pippen Jr., who is currently on a two-way deal. However, the Grizzlies will likely target more depth at that position, according to Damichael Cole of the Memphis Commercial Appeal (Twitter link).
There are some veteran point men still on the free agent market, including Markelle Fultz and Dennis Smith Jr. As our Offseason Check-In displays, the Grizzlies have exceptions available if they choose to use them but would risk surpassing the luxury tax line if they offer anyone more than the veteran’s minimum, assuming Rose didn’t give up any of his salary.
Rose, who turns 36 next month, only appeared in 24 games with the Grizzlies last season, including seven starts. He averaged 8.0 points and 3.3 assists in 16.6 minutes. He battled knee, hamstring, ankle and back ailments last season. He hasn’t appeared in more than 27 games in any of the past three seasons after playing in a combined 50 games with Detroit and New York in 2020/21.
The first overall pick of the 2008 draft, Rose made three All-Star teams before knee injuries plagued his career. He has appeared in 723 regular season games, averaging 17.4 points and 5.2 assists in 30.5 minutes.
They love waiving their players. The last two years
Been washed for years. But plenty of people still clung onto the early career, pre-injury years as evidence that he was still a star until like 2020, which was when he stopped being a useful player.
Been awful since 2021, but also deserves a medal for tricking the Knicks into giving him a 2/28M deal that late into his career when he clearly had nothing left.
Uninformed ……..
Go to Chicago, retire a Bull. He can mentor Josh.
One yr in Chicago. He can get the #1 pick next yr.
Agree. Regardless of what he has left, he’s def still worth having as a mentor, and doesn’t get enough credit for being Knicks’ best player in 2021 playoffs.
He needs to come back to the bulls for one last stint, and now is prolly the perfect time. UC crowd will show him some crazy love and deservedly so.
Would love to see him in Portland to help guide Scoot. Cant think of a more perfect mentor as they have similar games.
About to find out he was hanging with P Diddy
So basically all Tyus Jones had to do was be patient
Nah, he was either looking for a big payday or a starting spot so he could potentially get a bigger contract next summer. I really doubt he comes back to Memphis to be the backup PG again.