The Memphis Grizzlies are waiving safety Derrick Rose, a source confirmed to ESPN.
Rose, 35, had one season remaining on the two-year, $6.6 million contract he signed with the Grizzlies during the 2023 offseason.
Rose played 24 games for the Grizzlies, averaging 8.0 points and 3.3 assists. Rose, a three-time All-Star and 2010-11 MVP for the Chicago Bulls before suffering a major knee injury, averaged 17.4 points and 5.2 assists per game playing for six teams during his NBA career.
The Athletic first reported the Grizzlies’ decision to waive Rose.