Former NBA MVP and Cavs guard released by Memphis Grizzlies

Former NBA MVP guard Derrick Rose has been released by the Memphis Grizzlies, reports Shams Charania of The Athletic.

Rose, a 15-year NBA veteran, played in 24 games for the Grizzlies during the 2023-24 NBA season, averaging 8 points, 3.3 assists and 1.9 rebounds per game. He was released by the Grizzlies at his request despite having one season left on his two-year, $6.6 million contract, ESPN reports.

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According to Stefan Bondy of the New York Post, Rose, 35, considered retiring from the NBA in 2023 before signing with Memphis, the same city where he played college basketball at the University of Memphis.

The three-time NBA All-Star was selected first overall in the 2008 NBA Draft by the Chicago Bulls. He was named NBA Rookie of the Year for the 2008-09 season, earned his first All-Star selection in his second season, and was named NBA MVP in his third season in 2010-11.

After eight seasons in Chicago, the last of which were marked by injuries, Rose played seven seasons for the New York Knicks, Cleveland Cavaliers, Minnesota Timberwolves, Detroit Pistons and most recently the Grizzlies.