Memphis Grizzlies waive Ish Smith

The Memphis Grizzlies waived guard Ish Smith, Grizzlies General Manager and Vice President of Basketball Operations Chris Wallace announced today.

Smith (6-0, 175) averaged 2.3 points, 1.1 rebounds and 1.8 assists on .374 shooting in 10.3 minutes in 43 total games (three starts) as a rookie last season with the Grizzlies and Houston Rockets. The 23-year-old Wake Forest product posted 1.8 points and 1.0 assists in 7.5 minutes in 15 games with Memphis after being acquired on Feb. 24, 2011 from Houston.