Memphis Grizzlies Decline Option On Lance Stephenson, Allow Him To Become NBA Free Agent

Jack Windham - Author
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Jun. 27 2016, Updated 9:34 p.m. ET

Lance Stephenson now has a very big decision to make. According to CBS Sports, the Memphis Grizzlies have declined to pick up his contract option. That means Stephenson is now a free agent and can sign with any NBA team that he chooses. He should have a couple of options.

It wasn’t that long ago that Lance Stephenson was considered one of the better players in the NBA. His versatility made him a weapon for the Indiana Pacers, a team that was contending for a championship. Back then, executives in the National Basketball Association were intrigued by the thought of adding someone like Stephenson to their roster.

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Since his stock had risen so high in the NBA, Lance Stephenson and his agent decided to demand a ton of money. Though the Indiana Pacers loved having him in their rotation, team president Larry Bird was not willing to pay the price that was being asked.

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Lance Stephenson needed a place in the NBA that would give him a chance to showcase his skills, so that he and his agent could command a bigger contract down the road. Stephenson was able to find a suitable situation with the Charlotte Hornets, a team that needed as much talent as possible.

Thanks to that flexible deal with the Charlotte Hornets, Lance Stephenson was owed $9.4 million next season if the Memphis Grizzlies, who acquired the 6-foot, 5-inch guard from the Los Angeles Clippers in a trade, decided to pick up the option on the contract. The Grizzlies decided that they wanted to cut Stephenson loose.

According to Yahoo! Sports, the Memphis Grizzlies decided to let Lance Stephenson loose because they wanted to have as much salary cap space as possible because the team needed to sign starting point guard Mike Conley to a massive deal. Some in the NBA feel that Conley could command a maximum contract.

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