“Mario did an incredible job for us since coming to Memphis,” said general manager Chris Wallace in a statement. “Right from the start, he embraced his change of scenery and endeared himself to his teammates and coaches on the court and the Memphis community off of it.”
Chalmers was ruled out for the rest of the season with a ruptured right Achilles earlier in the day. He was traded to Memphis on Nov. 10 after spending his first seven seasons with the Miami Heat, winning two championships as Miami's point guard.
The former Kansas Jayhawk averaged 10.8 points and 3.8 assists in 55 games with the Grizzlies.
The former second-round pick sent out a tweet to thank his fans:
Chalmers became the full-time starting point guard in Miami during the 2011-12 season, the first of the Heat's back-to-back championships. He started every game he played in from 2011 to 2014, averaging 9.4 points per contest during that span.
Chalmers had his share of moments as a key contributor for the Heat. He hit a game-tying three-pointer in Game 2 of the 2011 NBA Finals against the Dallas Mavericks and also scored 25 points in Game 4 of the 2012 NBA Finals against the Oklahoma City Thunder to help the Heat take a 3-1 series lead.
Chalmers averaged a playoff career-high 11.3 points per game during Miami's 2012 championship run.
Chalmers became expendable when Miami attempted to strengthen its point guard play. Miami traded for former Connecticut guard Shabazz Napier during the 2014 NBA draft, and it traded for point guard Goran Dragic in February 2015.
This year, Chalmers averaged a career-low 20 minutes per contest in six games before the Heat shipped him and James Ennis to Memphis as the Grizzlies looked to bolster their backup options behind Mike Conley.
Before suffering the injury in the third quarter against the Boston Celtics on Wednesday, Chalmers was playing well off the bench for Memphis, scoring in double figures in 11 of his last 13 games. He scored a season-high 29 points Nov. 16 against the Thunder.
Depending on his rehab, Chalmers may not return to on-court activities for four to six months, according to MedicineNet.com. Chalmers' injury came at nearly the same time that then-Portland Trail Blazers guard Wesley Matthews tore his Achilles last year. Matthews returned to the court in time for this year's season opener with his current team, the Dallas Mavericks.
Stats courtesy of Basketball-Reference.com.