Grizzlies, facing roster crunch, waive former lottery pick Jordan Hawkins

Both the Grizzlies and ESPN's Shams Charania described this as a mutual parting of the ways. Memphis will eat (and Hawkins will get paid) his full $7 million contract for this season.

Hawkins likely will land with another NBA team this season, although likely on a minimum contract.

Hawkins is entering his fourth NBA season, his first three with the Pelicans before being traded to Memphis less than a month ago. The 6'5" two guard was projected as a shooter coming out of UConn and in his second season averaged 10.8 points per game but only shot 33.1% from beyond the arc for the Pelicans. Last season, with a new front office in New Orleans that didn't draft him and didn't feel the same loyalty, his minutes and opportunities dropped considerably. Across his three seasons, he has shot 34.8% from 3-point range.