The Memphis Grizzlies have renounced their rights to free agents Casey Jacobsen and Andre Brown, Grizzlies General Manager and Vice President of Basketball Operations Chris Wallace announced Friday.
Jacobsen, a 6-6, 198-pound guard, averaged 2.0 points and 1.2 rebounds in 53 games last season with the Grizzlies. The four-year NBA veteran, who signed with Memphis on July 24, 2007, owns career averages of 5.2 points, 1.8 rebounds and 1.1 assists in 287 games with the Phoenix Suns, the New Orleans Hornets and Memphis.
Brown, a 6-9, 245-pound forward, posted 3.0 points and 2.8 rebounds in 33 games for Memphis last season. The two-year NBA veteran, who signed with Memphis on July 20, 2007, holds career averages of 2.7 points and 2.3 rebounds in 71 games with the Seattle SuperSonics and Memphis.
Per the NBA Collective Bargaining Agreement, a renounced player no longer counts toward team salary, so teams use renouncement to gain additional cap room. After renouncing a player, the team is still permitted to re-sign such player, but the team must either have enough salary cap room to fit the salary, or sign the player using the Minimum Salary exception. After renouncing a player, a team can still trade the player in a sign-and-trade agreement.
