The Memphis Grizzlies are waiving veteran guard Derrick Rose, multiple media outlets reported Monday.
Rose spent just one season with Memphis and requested to be waived, per the reports.
Injuries limited Rose to 24 games (seven starts) in 2023-24, and he averaged 8.0 points, 1.9 rebounds and 3.3 assists.
The No. 1 overall selection by the Chicago Bulls in the 2008 draft, Rose was named Rookie of the Year following the 2008-09 season and took home the MVP award at the end of the 2010-11 campaign. His career was marred by a torn ACL during the 2012 playoffs.
Rose, 35, is also a three-time All-Star.
In 723 games (518 starts) with the Bulls (2008-16), New York Knicks (2016-17, 2021-23), Cleveland Cavaliers (2017-18), Minnesota Timberwolves (2018-19), Detroit Pistons (2019-21) and Grizzlies, Rose has established career averages of 17.4 points, 3.2 boards and 5.2 assists.