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Report: Grizzlies not expected to keep Eric Bledsoe after Pelicans trade

Eric Bledsoe in Pelicans-Grizzlies

MEMPHIS, TENNESSEE - MAY 10: Eric Bledsoe #5 of the New Orleans Pelicans goes to the basket against De’Anthony Melton #0 of the Memphis Grizzlies during the second half at FedExForum on May 10, 2021 in Memphis, Tennessee. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Justin Ford/Getty Images)

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Eric Bledsoe could use a change of scenery.

Traded from the Pelicans to the Grizzlies, he’ll get it.

Just not in Memphis.

Chris Haynes of Yahoo Sports:

Bledsoe, 31 and expensive, carries negative trade value.

But he played well with the Bucks the previous few years (in the regular season, at least).

Plenty of teams could use the defensive-minded, drive-first guard – especially if he comes cheap after getting bought out or waived by the Grizzlies.

If waiving Bledsoe, Memphis could structure his cap hit in one of three ways:

  • $18,125,000 next season, $3.9 million the following season
  • $18,125,000 next season, $1.3 million each of the following three seasons
  • $4,405,000 each of the next five seasons

Bledsoe agreeing to a buyout would reduce the money he’s owed. The payment proportions would remain the same, though.