Memphis Grizzlies waive Dion Waiters after three-team trade

The Memphis Grizzlies launched veteran guard Dion Waiters, the workforce launched Sunday.

The Grizzlies acquired Waiters as part of a three-team trade with the Miami Heat and Minnesota Timberwolves on Thursday. Memphis moreover acquired forward Justice Winslow and James Johnson from the Heat, whereas sending forwards Andre Iguodala, Jae Crowder and Solomon Hill to Miami.

The Timberwolves later joined the deal, receiving Johnson from the Grizzlies in change for large man Gorgui Dieng.

Waiters carried out solely three video games for the Heat after serving three suspensions this season, along with a 10-game ban following a drug-related incident on a workforce airplane.

The Grizzlies will owe Waiters about $4.2 million over the next three seasons. According to ESPN, if the workforce opts-in opposition to using the stretch provision, the Grizzlies could have a $12.1 million cap hit this season and a $12.65 million hit subsequent 12 months.

Waiters, 28, has averaged 9.3 elements, 3.7 rebounds and one assist per recreation this season. Since stepping into the NBA in 2012, he has averaged 13.2 elements and 2.8 assists per recreation in 412 skilled contests (211 begins).

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