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View Full Version : Grizz, Stoudamire near buyout; Suns, Celtics favorites to sign him


skylive321
01-19-2008, 02:47 PM
Source: Grizz, Stoudamire near buyout; Suns, Celtics favorites to sign him
By Chris Sheridan
ESPN.com
Damon Stoudamire is close to reaching a buyout agreement with the Memphis Grizzlies that would allow the 34-year-old point guard to sign as a free agent with either the Boston Celtics or the Phoenix Suns, a source told ESPN.com on Saturday.

There remained a possibility, however, that the Grizzlies would decide against a buyout if one of several teams seeking Stoudamire upped its offer in trade talks.

Either way, a resolution was expected within the next several days.

The Celtics, Suns, Miami Heat, Toronto Raptors and Denver Nuggets have all discussed trade possibilities with the Grizzlies to acquire Stoudamire, the 1996 Rookie of the Year and a 12-year veteran. Stoudamire was the Grizzlies' starting point guard over the first two months of the season before rookie Mike Conley was promoted. Stoudamire has not played since Dec. 30.

A source with knowledge of the trade talks said the situation also was being impacted by the possibility of Sam Cassell being traded or bought out by the Los Angeles Clippers.

Cassell is in the final season of a contract paying him $6.156 million. Stoudamire is earning $4.35 million this season and has one season remaining at $4.65 million, half if which is guaranteed.

Of the five teams known to be seeking Stoudamire, the Celtics appear to have the greatest need. Boston does not have a true point guard behind starter Rajon Rondo, a second-year pro who has missed three of the past four games with back and hamstring injuries.

nashtymavsfan13
01-19-2008, 07:33 PM
He'd be a good fit with the Clippers.

MavsFanFinley
01-19-2008, 07:34 PM
Go to the Celtics. He'll get plenty of playing time and would help solidify the bench.

He's still a good enough player that I wouldn't want to see him back up Nash.

skylive321
01-26-2008, 02:23 PM
Its official guys
Sources: Stoudamire, Grizzlies agree on buyout terms
By Marc Stein
ESPN.com
Damon Stoudamire and the Memphis Grizzlies on Saturday reached terms on a buyout agreement that likely will make him a free agent next week, according to NBA front-office sources.

Stoudamire still must clear a 48-hour waiver period after the Grizzlies officially release him, but it's believed that the 33-year-old will go unclaimed and have the right to choose his new team.

The Boston Celtics and Phoenix Suns have registered strong interest, and the Celtics are the favorite to land him, sources say. But ESPN.com reported earlier this week that Stoudamire is also intrigued by the idea of signing with the Toronto Raptors and returning to the franchise that drafted him and gave him the platform to win NBA Rookie of the Year honors in 1995-96.

The Celtics, with no depth at the position behind the inexperienced Rajon Rondo, have been widely expected to add a veteran point guard at the first opportunity. The Suns are equally hopeful of landing the former University of Arizona star to ease the regular-season burden on two-time MVP Steve Nash, but realistically don't have as much playing time to offer as the Celtics do.

The Denver Nuggets are another team expected to make a strong pitch to sign Stoudamire after losing Chucky Atkins to a long-term injury.

The Raptors, meanwhile, have to reinforce what they had considered their strongest position because of the continued absence of T.J. Ford.

A hard hit from Atlanta's Al Horford on Dec. 11 knocked Ford to the floor, sidelining him indefinitely and adding to Ford's history of hard falls and lengthy absences related to spinal problems. Ford is in Houston working with longtime NBA coach and player John Lucas, who also assisted in Ford's recovery from the spinal-cord injury in Milwaukee that cost him the entire 2004-05 season, but no timetable for a return has been established. So with only half of its potent tag team at the point available -- Jose Calderon -- Toronto has been investigating its options.

After beginning the season as the Grizzlies' starter at the point, Stoudamire hasn't played since Dec. 30 and the emergence of rookie Mike Conley. He's earning $4.35 million this season and was due to make $4.65 million in 2008-09, with only half of next season's salary guaranteed.


Memphis initially resisted Stoudamire's push for a buyout, hoping instead that it would get a good trade offer from one of the interested suitors before the Feb. 21 trading deadline. But the Grizzlies relented when they found their trade possibilities underwhelming.