WEDNESDAY, 8:07am: Chris Vernon adds yet another name to the list of possibilities for the Grizzlies, tweeting that the club is thinking about signing Josh Childress. Ronald Tillery of the Memphis Commercial Appeal also adds (via Twitter) that the Grizzlies' interest in Vujacic is real, and that he'd be given a guarantee if it made financial sense to buy out his contract overseas.

TUESDAY, 7:28pm: Michael Redd has also been mentioned as a possibility, according to Sam Amico of Fox Sports Ohio.

12:38pm: Samardo Samuels is also under consideration for the Grizzlies, says Sam Amico of FOX Sports Ohio (Twitter link).

10:33am: In addition to West and Walker, the Grizzlies are also considering Eddie House, Micah Downs, and Joe Ingles, tweets Vernon.

9:39am: Vernon clarifies in a second tweet that there was a misunderstanding between him and his source, and that the Grizzlies are only considering West and Walker, rather than definitely intending to sign them.

9:11am: Because the Grizzlies had already been carrying the minimum 13 players on their roster, their three-for-one trade with the Cavaliers will leave them two players short of the minimum. To fill out the roster, Memphis is expected to sign Delonte West and Bill Walker, reports Chris Vernon of 92.9FM ESPN in Memphis (Twitter link).

According to Vernon, the Grizzlies will also sign Sasha Vujacic, though we heard back in August that Vujacic's contract in Turkey wouldn't let him return to the NBA this season, so it's unclear if that has changed. According to Emiliano Carchia of Sportando (via Twitter) and Istanbul-based reporter Ismail Senol (via Twitter), Vujacic won't be leaving Turkey's Anadolu Efes. If they add West and Walker, the Grizzlies would have reached the 13-man minimum, so there'd be no need to immediately add a 14th player anyway.

West, 29, was in camp with the Mavericks this year on a guaranteed minimum-salary contract, but fell out of favor with the team and was released just before the regular season got underway. He had a productive year in Dallas in 2011/12 though, posting a career-high 15.3 PER in 44 games, including 33 starts. Walker, meanwhile, spent most of last season with the Knicks before being released just before the playoffs. The 25-year-old averaged 5.9 PPG in 32 contests for New York in '11/12.

Even if the Grizzlies sign a pair of players to rest-of-season deals, the team shouldn't have to worry about going back over the tax threshold. In each instance, Memphis would only be on the hook for a pro-rated portion of the minimum salary, an amount small enough that the Grizz would remain under the tax line.

The Timberwolves have waived Josh Howard after an MRI revealed a torn ACL, according to Jerry Zgoda of the Star Tribune (Twitter link). CBS's Ken Berger also tweeted that Howard will need season-ending surgery.  The 6'7 swingman, who had been signed last month, suffered his injury in a game against the Hornets just a few days ago. Since joining Minnesota, Howard had averaged 6.7 PPG, 3.3 RPG, and nearly 1 steal per game in 18.8 MPG, reaching double figure scoring in three out of 11 games. 

After hearing the news of Howard's injury, head coach Rick Adelman told reporters that the team is now in need of a back up small forward who is capable of guarding wing players, but also mentioned that there haven't been any discussions regarding what management will do next. While Michael Redd may not be known for his defensive abilities, Zgoda suggests that the former Bucks and Suns player could be a possible consideration. Darren Wolfson of 1500 ESPN added that whether or not it will be Redd, a new addition will be likely (all the Twitter links).

The Celtics recently snatched Leandro Barbosa off the free agent market, ensuring that perhaps the most prominent name among the remaining unsigned players has a job this season. However, there are still a number of players who not only are free agents, but haven't even participated in training camp with a team.

Along with the players who have yet to sign a contract this offseason, plenty of recent camp cuts have become unrestricted free agents again, further saturating the market. While many of the names on our list of free agents likely won't play for NBA teams this year, odds are that at least a couple will sign with contenders and potentially have an impact later in the season.

So today's poll question is this: Which of the remaining free agents do you expect will make the most significant impact this season? Make your pick below and feel free to explain your choice in the comments section.

Earlier Tuesday, Tracy McGrady signed a deal to play in China. With that in mind, HoopsWorld's Alex Kennedy takes a look at several veteran players remaining on the market in his latest column:

• Josh Howard, Michael Redd, and Leandro Barbosa are two wing players Kennedy points to as among the best available on the market.
• Several veteran players, including Mickael Pietrus and Kenyon Martin, are unwilling to sign contracts at the veteran's minimum and are holding out for more money, Kennedy says.
• Derek Fisher has been working out with the Lakers recently, but Kennedy points out that he cannot re-sign there until March, after one year has passed since he was traded to the Rockets and waived.
• Kennedy suggests that Gilbert Arenas, who appeared in 17 games for the Grizzlies last season, may consider playing in China like McGrady if he cannot find a deal in the NBA.
• Also in his column, Kennedy looks at the leadership role third-year center DeMarcus Cousins has been taking on with the Kings in training camp.

It's Media Day for many NBA teams, which means we're in store for plenty of news and notes today, along with a handful of quotes from players in the "best shape of their lives." In the meantime, here are a few updates from some Western Conference clubs:

• The Timberwolves thought they had landed Michael Redd to a non-guaranteed deal, but the veteran shooter changed his mind, reports Darren Wolfson of ESPN 1500 (via Twitter).
• Lionel Hollins has only had "limited discussions" with the Grizzlies about a contract extension, but the head coach expects to have a new deal in place before his current contract expires at season's end, says Ronald Tillery of the Memphis Commercial Appeal.
• With just over four weeks until this year's extension deadline, it's beginning to look as if James Harden will hit restricted free agency next summer rather than re-up this month with the Thunder, as Darnell Mayberry of the Oklahoman writes.
• The Kings haven't found a permanent solution at small forward in recent years, but offseason acquisition James Johnson is the latest candidate for the job, writes Jason Jones of the Sacramento Bee.
• Jeff McDonald of the San Antonio Express-News profiles one of the Spurs' only offseason additions, Nando De Colo.

According to the team's official website, Lakers guard Steve Blake suffered a puncture wound after stepping on a spike strip in a parking lot. The statement says Blake will be restricted from team activities for at least three weeks. Despite not being one of the bigger names on Los Angeles' roster, Blake's role as the team's veteran backup point guard is quite important, especially considering incoming starter Steve Nash's inability to log major minutes. 

Here are a few more Monday odds and ends from around the NBA:

• Later today, Seattle City Council is expected to formally approve Chris Hansen's plan to build a $490MM arena in downtown Seattle, according to an Associated Press report (via the Seattle Times). Hansen and city council reached an agreement two weeks ago on financing for the arena proposal, meaning today's vote is expected to be merely a formality. Hansen's plan will still require an okay from the King County Council, but the city's approval would allow him to start looking for a franchise to bring to Seattle.
• One NBA GM tells Sam Amico of FOX Sports Ohio that he expects veteran free agents like Derek Fisher and Michael Redd to sign deals late in training camp or even after the season begins.
• It appears agent Dan Fegan will join Happy Walters at a newly-created agency called Relativity Sports, according to Darren Heitner of Sports Agent Blog. Fegan, who represents Dwight Howard, Nene, and John Wall, among others, recently left Lagardère Unlimited.
• Paul Millsap hasn't really begun thinking about free agency yet, stressing that he's "still with the Utah Jazz" and he'll consider his options when the time comes, as Brian T. Smith of the Salt Lake Tribune writes.
• Jonathan Tjarks of RealGM.com views Joe Johnson's and Manu Ginobili's career paths as two examples for James Harden to consider as the fourth-year guard weighs his contract options.
• Ben Uzoh has parted ways with French team Cholet, making him a free agent again, according to Emiliano Carchia of Sportando. Uzoh has appeared in 60 total games for the Nets, Cavs, and Raptors over the past two seasons.
• Many of the storylines that SI.com's Sam Amick will be watching this season involve players on new teams, including Raymond Felton in New York, Andre Iguodala in Denver, and Andrew Bynum in Philadelphia.

A few Monday afternoon odds and ends from around the NBA:

• Marquis Daniels, Rasual Butler, and Rodney Carney were among the free agents in attendance at a workout hosted by the Bucks, according to Charles F. Gardner of the Milwaukee Journal Sentinel.
• Hasheem Thabeet spoke to John Rohde of the Oklahoman about the opportunity he has with the Thunder this season to earn playing time and reach his potential.
• Gary Dzen of the Boston Globe takes a look at Dionte Christmas, who he believes has a good chance to make the Celtics' roster with a strong training camp.
• Despite rumblings that the Grizzlies might be eyeing Michael Redd, Ronald Tillery of the Memphis Commercial Appeal says Memphis hasn't expressed any interest in the veteran two guard.
• Assistant coaches Lloyd Pierce and Bob Thornton have verbally agreed to one-year deals with the Grizzlies for the coming season, tweets Tillery.
• Michael Scotto of RealGM.com spoke to Reggie Williams, who is entering a contract year with the Bobcats, about Williams' improbable path to the NBA.

The Wizards reportedly have interest in Martell Webster, as we heard earlier today, and they're also among a handful of teams in the mix for Michael Redd. Michael Lee of The Washington Post confirms the team's interest in those two and says the team is also considering Terrence Williams and Shawne Williams.

Lee reports the Wizards are watching a number of free agents as they consider whether to add a player to their roster, which stands at 13. They have about $3MM in cap room, but plan to sign someone for the minimum, Lee says. That would make it hard to corral Anthony Tolliver, another player on Washington's radar, since agent Larry Fox has said his client isn't “in the minimum game.”

Terrence Williams hasn't drawn much interest this summer, though a report early last month linked him to the Kings, Pistons and Suns. The Kings signed Williams, the 11th overall pick in the 2009 draft, this past season after he was waived by the Rockets. He put up solid numbers in 20.5 minutes per game for Sacramento, averaging 8.8 points, 4.1 rebounds and 3.1 assists in 18 contests, but the team elected not to give him a qualifying offer before June 30th, making him an unrestricted free agent. 

Shawne Williams opted in to the final year of his contract with the Blazers, worth $3.135MM, but became a free agent last month when the Blazers bought him out last month. Williams missed most of 2011/12 with a left foot injury, and was sent from the Nets to Portland in the Gerald Wallace deal at the trade deadline. He appeared in 25 games before the injury and shot poorly, with a percentage line of just .286/.241/.727 compared to the .426/.401/.837 he put up in 2010/11 with the Knicks.

After seeing his playing time and production decline significantly due to injuries during his previous three seasons, Michael Redd had a bit of a bounceback year in Phoenix in 2011/12, averaging 8.2 points in just 15.1 minutes per game. Those numbers should be enough to earn him another NBA contract, and according to Sam Amico of FOX Sports Ohio, there are a number of potential suitors in play. While Amico says the Cavs don't have interest, he lists the Nuggets, Wizards, Grizzlies, Bulls, and Thunder as possible fits (Sulia link).

I outlined yesterday why the Nuggets could use a shooter, and I could see the Wizards and Grizzlies wanting to add a little more size at the two. While we heard of the Bulls' interest earlier in the summer, I can't see them as a real possibility at this point, considering their cap situation -- they'd have to trade away a player before they'd even have room to sign Redd. As for the Thunder, they could add one more backcourt player to replace Derek Fisher, as Amico notes, adding that he wouldn't be surprised to see Fisher end up in San Antonio.

Redd is probably unlikely to land more than a minimum-salary deal this offseason, which may limit his earnings, but should open up plenty of options. While a number of teams no longer have cap space or mid-level exceptions available, clubs can use the minimum salary exception as many times as they like.

As we wait for basketball action to resume at the London Olympics, let's round up a few of Wednesday's stories out of the Pacific Division....

• Magic Johnson weighed in on the Lakers' offseason moves yesterday, as Ramona Shelburne of ESPNLosAngeles.com writes. Johnson praised the Lakers' acquisitions of Steve Nash and Antawn Jamison, but said the team could still use a shooter.
• Michael Redd, who spent 2011/12 with the Suns, is taking his time and weighing his options in free agency, agent Kevin Poston tells Chris Tomasson of FOX Sports Florida (Sulia link). According to Tomasson, after showing interest in Redd earlier, the Suns and Bulls appear to have backed off for now.
• Tim Kawakami of the San Jose Mercury News confirms that the Warriors' recent roster moves put them about $400K over the luxury tax threshold. Golden State could trade a player before season's end to dip back under the tax line, but team co-owner Joe Lacob tells Kawakami that he's "prepared to spend money to win."
• Matt Steinmetz of CSNBayArea.com passes along a few comments from Warriors president Rick Welts on plans for the club's proposed San Francisco arena.