The Memphis Grizzlies waived point guard Damon Stoudamire, club Vice President of Basketball Operations and General Manager Chris Wallace announced today.

It was a buyout, details of which will be posted later tonight.

Assuming Stoudamire clears waivers, it’s expected that the Celtics, Suns and Raptors may have interest in signing him, with Boston the clear favorite according to multiple media outlets quoted regularly over the last week on the InsideHoops.com NBA rumors page.

The 5-10, 174-pound playmaker was averaging 7.3 points, 3.9 assists and 2.4 rebounds in 21.5 minutes in 29 games (all starts) this season. Stoudamire had not played in the club’s last 14 games since logging 17 minutes at San Antonio on Dec. 30.

Stoudamire appeared in 118 games (107 starts) in two-plus seasons for the Grizzlies and averaged 8.4 points, 4.6 assists, 2.6 rebounds and 0.7 steals in 25.3 minutes. Memphis originally signed Stoudamire as a free agent on August 5, 2005.

“We appreciate the consummate professionalism and love for the game which Damon exhibited in Memphis,” said Wallace. “The entire organization wishes him the best and hopes that he realizes his wish to join a championship contending team.”

Currently in his 13th NBA season, Stoudamire has averaged 13.8 points, 6.3 assists, 3.5 rebounds and 1.1 steals in 33.9 minutes in 847 career games (789 starts) with the Toronto Raptors (1995-98), Portland Trail Blazers (1997-2005) and Memphis (2005-08). The Portland native has made 1,222 career three-point field goals, which ties him with John Starks for 22nd place on the NBA’s all-time list and eighth among active players.

The 34-year-old was originally selected in the first round (seventh overall) in the 1995 NBA Draft by the Raptors. The University of Arizona product made an immediate impact, averaging 19.0 points and a career-best 9.3 assists, and was named 1995-96 NBA Rookie of the Year.

The Grizzlies’ roster currently stands at 13 players.

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