The Memphis Grizzlies and veteran point guard Rajon Rondo have reached agreement on a buyout. Memphis will waive Rondo and he'll become an unrestricted free agent upon clearing waivers.
Upon clearing waivers, the Los Angles Lakers are the frontrunners to sign Rondo. 2021-22 will be Rondo's 16th NBA season. He played a big part in the Lakers winning the 2020 NBA Finals.
The Grizzlies acquired Rondo in a trade where they sent Eric Bledsoe to the LA Clippers for Rondo, Patrick Beverley and Daniel Oturu. Memphis subsequently traded Beverley to the Minnesota Timberwolves for Jarrett Culver and Juancho Hernangomez.
Memphis will still need to waive or trade at least three more players to get into regular season roster compliance.