The Memphis Grizzlies waived former first-round pick Walter Clayton Jr. and second-round selection Micah Peavy on Monday, finalizing their roster ahead of the 2026-27 NBA regular season. The cuts were made as the deadline approached for teams to prepare their final rosters.
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Clayton was selected 18th overall in the 2025 NBA Draft by the Utah Jazz, but he was traded to Memphis in a deal for Jaren Jackson Jr. before the 2025 trade deadline. Despite the Grizzlies' initial interest in Clayton, he did not find a place in their plans after one season.
The decisions to waive both players come as Memphis faced pressure to meet the 5 p.m. ET deadline for roster compliance. Their actions leave the team with 15 standard contracts as they enter the new season. With Clayton now on waivers, the Miami Heat may consider adding him to strengthen their backcourt following his unexpected release.