The Memphis Grizzlies plan to either waive or trade second-year point guard Wade Baldwin IV before the final 15-man roster deadline today, according to ESPN's Adrian Wojnarowski.
Baldwin was the 17th overall pick of the 2016 NBA Draft, making this the second first-round giveaway the Grizzlies have had in the last two seasons, waiving former UCLA Bruin guard Jordan Adams in 2016.
The move comes after veteran point guard Mario Chalmers and Andrew Harrison secured spots with the team throughout the preseason. The Grizzlies will also waive or release international forward Rade Zagorac as well after rookies Dillon Brooks and Ivan Rabb had already cemented a spot with the team.
Baldwin has $1.8 million in guaranteed money for this season. If a team chose to claim him, it would have until Oct. 31 to exercise his $2 million option for the following season, according to ESPN Insider Bobby Marks. Zagorac, who was signed earlier this offseason, has a guaranteed $950,000 this season and $1.4 million in 2018-19. His $1.6 million salary in 2019-20 has a protection of $372,000.
Memphis has acknowledged to make mistakes in now several signings, which will place a heavy burden on the franchise making the right moves going forward, having let three of their key veterans walk this summer to bet on their youth.
More details soon to come.
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