The Grizzlies have waived forward D.J. Kennedy, reports Ronald Tillery of the Memphis Commercial Appeal (Twitter link). Kennedy was the only asset going the Grizzlies' way in the July 25th trade that sent Jeremy Pargo, a 2014 second-round draft pick, and cash to the Cavaliers. He had a non-guaranteed minimum-salary contract, so the swap will wind up amounting to a salary dump for Memphis. Pargo has a guaranteed deal for $1MM this season...
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