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Derrick Rose signs with surprising team in free agency to erase Knicks return

After two separate stints with the New York Knicks, Derrick Rose’s time in the city has officially come to an end. The Knicks declined his $15.6 million team option for 2023-24, but it was rumored that he could return to the team on a lesser contract. That option is now out of the window.

NBA insider Marc Stein reported (subscription required) that the Bucks, Suns, and Bulls were three teams that could sign Rose in free agency. However, another team swooped in and signed the 34-year-old to a fully guaranteed deal.

SNY’s Ian Begley was the first to report that Rose was signing a multi-year deal with the Grizzlies, and Shams Charania reported the details.