The Memphis Grizzlies are waiving backup point guard and former NBA league MVP Derrick Rose, The Athletic’s Shams Charania reported Monday.
The news arrives after Rose announced his plans in April to return to Memphis in 2024-25 for his 17th NBA season. Rose joined the Grizzlies in 2023 as a free agent. He was slated to play next season on the second year of a two-year $6.5 million contract.
Injuries limited Rose to 24 games last season. He made an impact when he was available on a roster plagued by the lengthy absences of key players including injured shooting guard Desmond Bane and All-Star point guard Ja Morant, who missed time due to suspension and injury.
In 16.6 minutes per game, Rose averaged eight points and 3.3 assists while shooting 46.1% from the floor and 36.6% from 3-point distance. He made seven starts.
Rose, 35, said in April that he was returning to the Grizzlies next season and had discussed his role with general manager Zach Kleiman and head coach Taylor Jenkins.
“Yes, I’m coming back,” Rose said, per the Memphis Commercial-Appeal. “I talked to Zach. I talked to coach. … This summer, it’s all about attacking my rehabs, my workouts and continuing to be disciplined.”
It’s not immediately clear what prompted the reported decision by the Grizzlies. Neither Rose nor the team had addressed the decision at the time of Monday’s report.
The No. 1 pick of the 2008 draft by the Bulls, Rose was named Rookie of the Year, then earned league MVP in his third season in Chicago. He’s a three-time NBA All-Star.
Injuries including an ACL tear cost Rose the entire 2012-13 season and have limited him since. But he’s carved out a role as a contributor for a decade-plus since injuries derailed his career.
Rose has stated his desire play again in the upcoming season. If he does, it apparently won’t be with the Grizzlies.
