Edwards was acquired from the Celtics earlier this month. Oturu was among the players acquired from the Clippers in the deal that sent Eric Bledsoe to Los Angeles. Edwards had a salary of $1.78MM, while Oturu’s salary for the upcoming season was $1.52MM.
Memphis had other motives for making those deals and obviously wasn’t interested in retaining either player.
By waiving the duo, Memphis is now down to 16 guaranteed contracts, one over the limit for the regular season, Bobby Marks of ESPN tweets.
Buchanan has played for Memphis’ G League team. He was in Grizzlies camp last season but was waived prior to opening night.
McDermott appeared in 18 games with Memphis as a two-way player last season, averaging 2.2 PPG in 8.8 MPG. Memphis waived McDermott in August.