The Memphis Grizzlies have decided to waive Derrick Rose, a former NBA league MVP, according to reports from The Athletic's Shams Charania.

Rose, who had intended to return for his 17th season in the 2024-25 NBA season, joined the Grizzlies in 2023 on a two-year contract valued at $6.5 million. The development marks a significant moment in his career as he prepares to navigate the next chapter.