Veteran point guard and former NBA MVP Derrick Rose is reportedly looking for a new home.

According to Shams Charania of The Athletic, the Memphis Grizzlies are waiving Rose. Ian Begley of SNY added that the Grizzlies released Rose from his contract:

The 35-year-old had one year left on the two-year contract he signed with Memphis last season and was expected 3.4 million US dollars during the 2024–25 season.

Rose was hampered by knee and hamstring injuries that limited him to 24 games in his first year with the Grizzlies. He never played more than five consecutive games during the season, but he said in April that he planned to return for a 17th NBA season, and he assumed he would do so in Memphis.

“Yeah, I’m coming back,” Rose said at the time. “I’ve talked to (general manager) Zach (Kleiman), I’ve talked to the coach. … This summer is about addressing my rehab and training and continuing to be disciplined.”

In Rose’s limited time on the court last season, he averaged 8.0 points, 1.9 rebounds and 3.3 assists in 16.6 minutes of play. In addition to Rose’s time on the bench, the Grizzlies suffered injuries to several key players, including Ja Morant, Marcus Smart and Desmond Bane. Memphis finished 13th in the Western Conference with a record of 27-55.

If Rose decides to continue his NBA career, he can still be a reliable playmaker when healthy. Teams looking for a veteran player would benefit from adding him to the locker room, and he could land with a contender who would help him earn the championship ring that has eluded him throughout his career.