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Derrick Rose reaches 2-year deal with Grizzlies, source says

Free agent guard Derrick Rose has agreed on a two-year deal with the Memphis Grizzlies, a source told ESPN, confirming a report by SNY.

The Grizzlies want Rose on the floor this season and as a leader in locker room.

The New York Knicks declined Rose's $15.6 million player option earlier this summer to make him a free agent.