Memphis Grizzlies Rumors | Hoops Rumors

Grizzlies’ Derrick Rose Gave Up Full Salary

September 24th, 2024 at 3:03pm CST by Luke Adams

Veteran point guard Derrick Rose won’t receive any of his $3,356,271 salary for the 2024/25 season after being waived by the Grizzlies, reports Tim MacMahon of ESPN (Twitter link). According to MacMahon, the full amount will come off Memphis’ books, leaving the team with no cap hit for Rose.

It’s a little surprising that Rose – who will turn 36 next Friday and has been limited to 77 total games over the past three seasons due to injuries – would opt to forfeit a guaranteed $3.3MM+ salary. However, it was reported at the time of his release on Monday that the Grizzlies were letting him go at his request, so it makes sense that the team wasn’t prepared to grant that request and pay him his full salary.

Getting that $3.36MM off the books is important for the Grizzlies, given their proximity to the luxury tax line. Without a cap hit for Rose, Memphis is now approximately $5.98MM below the tax threshold with 13 players on standard contracts. Rose’s buyout will allow the club to carry a full 15-man roster without going into the tax — with his contract on the books, the Grizzlies would’ve gone into tax territory by signing two new players to minimum-salary deals.

That doesn’t mean the Grizzlies will definitely make two roster additions in the coming weeks, as carrying a 14-man standard roster into opening night in order to create some additional in-season flexibility remains an option for the team. However, that extra financial breathing room should come in handy sooner or later. It also gives Memphis the option of using a portion of its mid-level exception to offer more than the veteran’s minimum to a 14th man without going into the tax.

Rose is the second player in 2024/25 to give up his entire remaining salary as part of a buyout agreement. Sasha Vezenkov surrendered his $6.66MM salary with the Raptors in order to return to Europe on a lucrative long-term deal with Olympiacos.

Southwest Notes: J. Smith, H. Jones, Grizzlies, Edey

September 24th, 2024 at 12:20pm CST by Luke Adams

Paolo Banchero, the No. 1 pick in the 2022 draft, won the NBA’s Rookie of the Year award in 2023, while the No. 2 pick in the ’22 class, Chet Holmgren, would have claimed the award in 2024 if not for Victor Wembanyama‘s historic season.

However, Rockets forward Jabari Smith – the third overall pick in 2022 – struggled in his first professional season, and while he improved his shooting percentages in year two, he hasn’t yet shown the kind of All-NBA potential that Banchero and Holmgren have displayed.

As Jonathan Feigen of The Houston Chronicle writes in a subscriber-only story, Smith just turned 21 in May and has intriguing tools to go along with a strong work ethic, seemingly making him a strong candidate for a breakout season in 2024/25.

Still, as Feigen acknowledges, the Rockets will want to make sure players like Alperen Sengun, Jalen Green, Fred VanVleet, and Amen Thompson have the ball in their hands frequently, which may not leave a ton of opportunities for Smith to create his own scoring chances. He’ll still be relied upon largely as an off-ball floor spacer on offense, Feigen adds, so while a third-year leap is a possibility, it might be more realistic to expect continued steady growth from the former No. 3 overall pick.

Here’s more from around the Southwest:

Herbert Jones admitted it was a great feeling to make the NBA’s All-Defensive First Team last season, but the Pelicans forward doesn’t want to get complacent after earning that honor for the first time in 2023/24, writes Christian Clark of NOLA.com (subscription required). “It felt amazing,” Jones said. “At the same time, you are always trying to reach for more. After I saw the news, my initial thought was, ‘You have to do it again.'”
Will any of the Grizzlies players currently on Exhibit 10 contracts – Miye Oni, Yuki Kawamura, Maozinha Pereira, and Armando Bacot – stick with the team into the regular season? Damichael Cole of The Memphis Commercial Appeal explores that question, suggesting that the team’s relative lack of depth in the frontcourt could make Bacot the best bet to make the 18-man roster. If the Grizzlies were to promote a two-way player like Scotty Pippen Jr. to the standard roster, it could open up a two-way slot for a camp invitee such as Bacot, Cole notes.
In a separate story for The Commercial Appeal, Cole spoke to Purdue assistant coach Brandon Brantley about what to expect from former Boilermakers star Zach Edey, whom the Grizzlies selected with the ninth overall pick in this year’s draft. While there are questions about how some aspects of Edey’s game will translate to the NBA, the big man’s rebounding definitely won’t be an issue at the next level, according to Brantley. “Memphis is going to have a dude in that paint that’s going to hold that paint down,” Brantley said. “Usually guys that size will try to rebound their area. He rebounds outside of his area. It means something to him.”

Grizzlies Waive Derrick Rose

September 23rd, 2024 at 5:54pm CST by Dana Gauruder

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.

Western Notes: Gordon, Rockets Roster, Divac, Doncic, Kennard

September 22nd, 2024 at 9:50pm CST by Dana Gauruder

Aaron Gordon becomes eligible for a four-year contract extension later this week and that will be one of the big storylines at the Nuggets’ training camp, Bennett Durando of the Denver Post writes. Gordon has a player option for the 2025/26 season but could replace that with the first year of a new deal as part of an extension agreement.

Jamal Murray‘s health and the way Russell Westbrook fits into the Nuggets’ rotation are among the other storylines to watch in Denver, according to Durando.

We have more from the Western Conference:

With the Rockets buying out and waiving forward AJ Griffin, they have an open spot on the official roster. How will it be filled? It could turn into a competition among players on two-ways and training camp deals, according to Jonathan Feigen of the Houston Chronicle. Jeenathan Williams, Nate Hinton, N’Faly Dante, Jermaine Samuels and Jack McVeigh comprise that group. Houston could also opt to leave that spot open or sign a free agent.
Former Kings general manager Vlade Divac made one of the biggest draft blunders in recent years when he passed on Luka Doncic in favor of Marvin Bagley in 2018. Divac admits he made a mistake but explained that he already had a talented floor leader in De’Aaron Fox. “I could’ve taken Luka, but then I would’ve had to trade Fox,” he said in an interview with Index, a Croatian outlet (hat tip to Grant Afseth of the Dallas Sports Journal).
Grizzlies players have been competing in 5-on-5 scrimmages for over a month and Luke Kennard is impressed by the team’s competitiveness and attention to detail. “Something I haven’t really seen before,” Kennard told Damichael Cole of the Memphis Commercial Appeal. “We’re really pushing each other and competing really hard. I think that’s going to go a long way. We start that right now. We’re getting a few steps ahead until the season starts.”

G League Notes: Swirsky, Gueye, Dotson, Johnson, Smith

September 22nd, 2024 at 7:12pm CST by Dana Gauruder

T.C. Swirsky has been named head coach of the Memphis Hustle, the NBA G League affiliate of the Grizzlies, the Hustle announced (via Twitter). Swirsky was an assistant with the team last season.

Danielle Boiago, Nick Covington, Jack Hostetler and Rob Sanicola have been named assistant coaches, while former Hustle head coach Jason March has been promoted to Taylor Jenkins‘ Grizzlies staff.

We have more G League news:

The Raptors 905 have traded the rights to Mouhamadou Gueye to the Capital City Go-Go, the Wizards’ affiliate, for the rights to Devon Dotson and a first-round pick in the 2025 G League draft, Blake Murphy of Sportsnet tweets. Gueye appeared in 11 Raptors games last season. He was waived by Toronto in June. Dotson didn’t appear at all in the NBA last season but saw action in six Wizards games in 2022/23.
The Valley Suns have received the returning player rights to guard Kaleb Johnson from the Austin Spurs in exchange for the returning player rights to Justin Smith, according to Phoenix’s affiliate (Twitter link). Johnson appeared in 24 regular-season games with the Austin Spurs last season.
The Hawks’ G League affiliate has a new head coach. Get the details here.

Southwest Notes: Grizzlies, Zion, Luka, Washington, Rockets

September 20th, 2024 at 2:10pm CST by Rory Maher

Star point guard Ja Morant believes back-to-back college Player of the Year Zach Edey will have a strong debut season in the NBA, per Damichael Cole of The Memphis Commercial Appeal. Edey, who played four years at Purdue, was selected by the Grizzlies with the No. 9 overall pick in June’s draft.

“Definitely rookie of the year,” Morant said of his expectations for Edey. “I think easily, too.”

As Cole writes, Edey worked out with his new teammate earlier this summer and Morant came away impressed.

“For him to come in and say he wants to work out with me and then getting through the workout throughout the whole week, it was big-time for him,” Morant said. “It made me excited to have him on the team. His skill set is even much better.”

Here’s more from the Southwest:

Morant was suspended for the first 25 games of last season, played nine games, and then suffered a shoulder injury which required season-ending surgery in January (Memphis went 6-3 with him and 21-52 without him). However, he was cleared for contact work in early July and is fully healthy ahead of training camp, according to Tim MacMahon of ESPN. Morant estimated he was at 75% strength in late July. Fellow Grizzlies guard Marcus Smart, who was limited to 20 games last season due to a litany of injuries, also makes ESPN’s list of key player returns to monitor for 2024/25, as does Pelicans forward Zion Williamson, who is fully recovered from the left hamstring strain he suffered late last season, per Andrew Lopez.
Jack Tien-Dana of RealGM weighs the pros and cons of Mavericks star Luka Doncic being physically stronger and heavier than he was when he first came in the league, writing that the 25-year-old and Dallas will need to “reconcile a series of contradictions” to get the best out of the All-NBA guard deep in the playoffs.
In a subscriber-only story for his Substack, Dallas Hoops Journal, Grant Afseth says Mavericks forward P.J. Washington could be the team’s “X-factor” heading into 2024/25. In order to optimally complement Doncic and Dallas’ other starters, Washington will need to become a more consistent outside shooter, Afseth observes. Washington entered last season with a career mark of 36.6% from three-point range, but shot just 32.0% from beyond the arc in ’23/24.
The Rockets brought back Jeff Green and Aaron Holiday because they showed they could be productive when called upon last season despite having inconsistent roles, writes Jonathan Feigen of The Houston Chronicle (subscription required). The two veterans are also valued for their leadership, Feigen notes. The Rockets opted to guarantee Green’s $8MM salary for 2024/25, while Holiday re-signed with Houston on two-year, $9.6MM deal in free agency.

Western Notes: Timberwolves, Beal, James, Buss, Grizzlies

September 19th, 2024 at 10:59am CST by Dana Gauruder

The arbitrators in the Timberwolves’ ownership dispute have been named.

Retired Hennepin County (Minn.) District Court Judge Thomas Fraser will serve as the neutral arbitrator in the upcoming legal proceedings, according to Sportico’s Eben Novy-Williams and Michael McCann.

Fraser is one of three people who will oversee the proceedings, which will begin the week of Nov. 4, to settle the legal battle between current Timberwolves majority owner Glen Taylor and the group headed by Alex Rodriguez and Marc Lore. The other two arbitrators will be retired Minnesota Supreme Court Justice Kathleen Blatz (appointed by Taylor) and Wilson Sonsini partner Joseph R. Slights III (appointed by Rodriguez/Lore).

We have more from the Western Conference:

The suggestion that Bradley Beal should be the Suns’ sixth man doesn’t make a lot of sense, Gerald Bourguet of Gophnx.com opines. Despite an injury-plagued season, Beal is the team’s third-best player and removing him from the starting five in favor of Grayson Allen is a downgrade on several levels, in Bourguet’s view.
LeBron James‘ work ethic never ceases to amaze Lakers owner Jeanie Buss, she told Chuck Schilken of the Los Angeles Times. “He consistently delivers. He puts in the work. He’s not only a worldwide brand, but he is our leader,” Buss said. “He’s the captain of our team and he sets the tone, sets the pace by putting in the hard work. Nobody can complain about the work if you see somebody with his résumé and his longevity of career, nobody can complain about having to practice if he’s willing to do it. And he does. He just amazes me.”
Robinhood Markets, Inc., a financial services company, will serve as the jersey patch and official investing partner of the Grizzlies, Damichael Cole of the Memphis Commercial Appeal writes. The same company is also in a partnership with the Wizards for their jersey patch this season.The Grizzlies haven’t had a jersey patch since 2021, after a three-year deal with FedEx came to an end, Cole adds.

Jaren Jackson Jr. Embracing Veteran Leader Role

September 18th, 2024 at 9:23am CST by Luke Adams

Grizzlies big man Jaren Jackson Jr. just celebrated his 25th birthday on Sunday, but as Memphis’ longest-tenured player who is entering his seventh NBA season, he’s embracing his role as a veteran leader for the team, as Damichael Cole of The Memphis Commercial Appeal details. “I definitely feel like a veteran somewhat,” Jackson said. “Especially being here in one place for so long and seeing everybody roll in here in and out. You see a lot of different things with staff, players. It’s crazy when you think about it.”

Will Rose Or Pippen Jr. Emerge As Morant's Backup?

September 17th, 2024 at 5:31pm CST by Dana Gauruder

The backup point guard spot is the biggest question hovering over the Grizzlies, according to Damichael Cole of the Memphis Commercial Appeal. Derrick Rose and Scotty Pippen Jr. are the top candidates for the job, but Rose has struggled with injuries in recent seasons and only appeared in 24 games last season. Pippen played well in the second half of the season but didn’t play much with the team’s biggest stars due to the team’s injury issues. If neither of them emerges, Memphis may have to lean on non-traditional options like Marcus Smart and Desmond Bane to back up Ja Morant at the point, Cole writes.

2027/28 Season Viewed As Target For NBA Expansion

September 17th, 2024 at 4:00pm CST by Luke Adams

One reason the NBA isn’t yet prepared to dive head-long into expansion talks is that a potential Celtics sale could reset the market, sources tell ESPN’s Tim Bontemps, Kevin Pelton, and Brian Windhorst. If the Celtics set a new record for the highest sale price ever for an NBA team, it would only increase the price tag for incoming expansion franchises, as ESPN’s trio notes.

Commissioner Adam Silver recently stated that the NBA is “not quite ready” to move forward on the expansion process, though he left the door open for those discussions to happen later on in the 2024/25 league year.

With the NBA continuing to drag its heels on expansion, league sources and people connected to potential bidding groups are viewing the 2027/28 season as the target date for when one or more expansion teams could begin playing, with the ’26/27 campaign considered an increasingly unrealistic – albeit not impossible – option, according to Bontemps, Pelton, and Windhorst.

Based on the growing valuations of NBA franchises, it’s not unrealistic to project that a pair of new teams could net the league $10 billion combined – or even more than that – in expansion fees, ESPN’s reporters suggest.

While some current NBA team owners are wary of further diluting their share of the league’s revenue by slicing off two more pieces of a “pie” currently being shared 30 ways, expansion fee payments (which don’t have to be shared with the players’ union) exceeding $300MM apiece could help sway those ownership groups, as Bontemps, Pelton, and Windhorst point out. Additionally, the $76 billion media rights deal negotiated by the NBA earlier this year has assuaged some owners’ concerns about sharing revenues with 31 partners instead of 29, the ESPN trio adds.

Here are a few more items of note from ESPN’s in-depth FAQ on the possibility of expansion:

Although the National Basketball Players Association has no real voice in the expansion process, the union would be “very much in favor” of adding 36 new jobs (30 standard roster spots and six two-way slots) for its members, sources tell ESPN.
Seattle and Las Vegas are widely considered the favorites to land expansion teams, but they likely won’t be the only cities receiving consideration. Sources who spoke to ESPN view Mexico City as the most likely candidate to seriously enter the mix along with Seattle and Vegas, though Bontemps, Pelton, and Windhorst acknowledge there would be a number of “logistical hurdles” to contend with.
If Seattle and Las Vegas land expansion teams, they would both have to be Western Conference clubs, meaning one current Western team would have to move to the Eastern Conference. According to ESPN, that decision would likely come down to the Pelicans, Grizzlies, and Timberwolves, with Minnesota considered the most logical choice to move East since the Wolves are geographically closer to five Eastern opponents than they are to their closest Western opponent (Denver). Still, it could be a “protracted fight” to determine which team would change conferences.
The ownership group of the NHL’s Seattle Kraken – led by Samantha Holloway and her father David Bonderman – is considered the most likely bidder for a Seattle franchise, per ESPN. Hall of Fame NBA executive Rick Welts has served as an advisor for the Kraken ownership group, which also includes the sons of former Sonics owner Barry Ackerley. Chris Hansen, who previously attempted to relocate the Sacramento Kings to Seattle, isn’t expected to lead a bid to bring the NBA to the city, but would be willing to assist in the process, ESPN’s trio adds.
Active NBA players aren’t permitted to own a stake in an existing franchise, but the rules for an active player becoming a stakeholder in an expansion franchise (before it begins play) aren’t as clear. Those rules may need to be clarified in the coming years, with LeBron James seriously interested in getting involved in a bid for a Las Vegas team. According to ESPN’s report, former Bucks co-owner Marc Lasry is putting together a group to bid for a Vegas franchise — that group is expected to include longtime WNBA star Candace Parker.