Memphis Grizzlies

The rebuild kept stacking swings into September: landed Quinten Post on an unmatched 3yr/$30M offer sheet, absorbed Isaiah Stewart and D'Angelo Russell through the six-team Middleton framework, ate KCP's $21.6M opt-in as buyout dead money, and then bought Jordan Hawkins and Micah Peavy from New Orleans for AJ Johnson, Taj Gibson and pick considerations. The cost of hoarding arrived on Sep 18: Russell was waived outright, adding $5.97M to a dead-cap pile that now sits at $31.8M, and Memphis still carries 18 standard contracts against a 15-man limit — more cuts are mandatory. Jerami Grant remains the veteran flip candidate around Zach Edey, Cameron Boozer, GG Jackson and the Post-Edey young center pairing. Asset accumulation on overdrive.

Used the non-taxpayer MLE on the Quinten Post offer sheet — team salary cannot exceed $209.0M at any point this season.

2026-27 figures verified against Spotrac and HoopsRumors reporting. View full cap sheet on the Salary Cap page.