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Basketball news gathered from around the net.

Bayless Exercises $3.1M Player Option With Grizzlies

Jerryd Bayless will exercise his $3.1 million player option for next season with the Memphis Grizzlies.

The move is somewhat surprising as he was expected to become an unrestricted free agent on a longer deal.

Bayless became a valued contributor off the bench for the Grizzlies.

Via Marc Stein/ESPN
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