The agent for Memphis Grizzlies point guard Damon Stoudamire, Aaron Goodwin, said his client has agreed in principle on a buyout from the team. The deal is expected to be finalized on Monday. He is expected to clear waivers on Wednesday.
Stoudamire is expected to be courted by the Celtics, Suns, and Raptors, the team that drafted him in 1995 out of Arizona. Stoudamire would consider donning the green and white, and the Celtics are quietly on the market for a backup point guard.
Stoudamire is owed $4.6 million for next season -- a figure that would be cut in half if he plays in fewer than 55 games or averages less than 20 minutes a game this season. In the 29 games he's played this season, the 13-year veteran is averaging 7.3 points per game -- about half his career average -- and 3.9 assists. This season, he's making $4.3 million.