7:05 pm: The team will use the stretch provision on Johnson, creating annual cap hits worth just under $450K per season for the next three years, Michael Wallace of Grizzlies.com tweets.
Johnson never got a chance to play for Memphis, as he was acquired via a trade with the Magic in July. Memphis shipped out Jarell Martin and tossed in cash considerations in that trade. Orlando acquired Johnson a few days earlier from Oklahoma City in exchange for guard Rodney Purvis.
He appeared in 31 games, including six starts, as a rookie with the Thunder last season. The 7-footer was a second-round pick in the 2015 draft and played parts of three seasons in the G League with the Oklahoma City Blue.
The Grizzlies could use the stretch provision on Johnson’s $1.378MM salary to help them create additional room below the luxury tax threshold. The deadline to use the stretch provision on his contract is today, since it’s an expiring deal. By waiving Johnson, Memphis also created a spot on the 15-man roster for point guard Andrew Harrison, whose deal is non-guaranteed.