4:18pm: The Grizzlies announced via a press release that Hollins has been waived.
1:35pm: The Grizzlies will waive Ryan Hollins today, a source tells Marc J. Spears of Yahoo Sports (on Twitter), but they’ll hold on to James Ennis, reports Ronald Tillery of The Commercial Appeal (All Twitter links here). Memphis needs a roster spot for Elliot Williams, who’s reportedly set to sign a 10-day contract with the team, so it appears that Hollins, who just signed last week, will depart. Ennis, who had already earned more than the partial guarantee on his salary by virtue of remaining under contract as long as he has this season, will see his full $845,059 one-year veteran’s minimum take, since today is the final day for NBA teams to waive non-guaranteed salary before it becomes fully guaranteed.
The details of the contract Hollins signed December 29th remain unclear, but Bobby Marks of Yahoo’s “The Vertical” offered a hint, tweeting that he’ll see about $96K for his time on the Memphis roster. That indicates that Hollins was on a non-guaranteed deal, just like the contract the Grizzlies had him on during the preseason and the one he signed with the Wizards in late November. Memphis waived him before opening night, and Washington cut him loose last month, so his latest release from the Grizzlies represents the third time he’s hit waivers in less than three months.
Ennis came to Memphis in early November via the Mario Chalmers trade, and he’s already gone on D-League assignment six times since then. He’s logged only 27 minutes at the NBA level with the Grizzlies so far, but Memphis apparently thinks he can grow into a productive player, since the team’s interest in keeping him for next season was the reason why it chose Ennis over Hollins today, according to Chris Herrington of The Commercial Appeal (Twitter link). Ennis’ contract covers 2016/17 with a non-guaranteed salary. The combo forward was the 50th overall pick in the 2013 draft.