The Memphis Grizzlies are waiving guard Derrick Rose, league sources confirmed to The Athletic on Monday. Rose averaged 8.0 points, 3.3 assists and 1.9 rebounds in 16.6 minutes per game for the Grizzlies during his lone season in Memphis.

Rose was selected by the Chicago Bulls with the No. 1 pick in the 2008 NBA Draft and is still the youngest player in league history to win the MVP, doing so at the age of 22 in 2011. The three-time All-Star was most productive in the NBA during his tenure in Chicago, posting 19.7 points, 6.2 assists and 3.7 rebounds per contest in seven seasons.

A torn ACL in Game 1 of the Bulls’ 2012 first-round series against the Philadelphia 76ers derailed Rose’s career, limiting the athleticism he used to dominate around the rim. Despite the grueling injury, Rose maintained himself in the league for a total of 16 seasons.

After being traded from Chicago, he played with the New York Knicks, Cleveland Cavaliers, Minnesota Timberwolves and Detroit Pistons before signing with the Grizzlies.

In Memphis, Rose was limited to 24 appearances as he dealt with knee soreness, a hamstring injury and later a lower back injury.

(Photo: Joe Murphy / NBAE via Getty Images)