A source tells InsideHoops.com editor Jeff Lenchiner that it’s “extremely likely” Damon Stoudamire will sign with the San Antonio Spurs.
Several media outlets reported Tuesday and Wednesday that San Antonio was an increasingly probable destination for the point guard, who became a free agent after a buyout agreement led to the Memphis Grizzlies waiving him. A source confirmed that to InsideHoops.com, and said late Wednesday night that Stoudamire to the Spurs is expected to happen unless a sudden surprise offer comes Damon’s way.

The Memphis Grizzlies waived point guard Damon Stoudamire, club Vice President of Basketball Operations and General Manager Chris Wallace announced today.
It was a buyout, details of which will be posted later tonight.
Assuming Stoudamire clears waivers, it’s expected that the Celtics, Suns and Raptors may have interest in signing him, with Boston the clear favorite according to multiple media outlets quoted regularly over the last week on the InsideHoops.com page.
The 5-10, 174-pound playmaker was averaging 7.3 points, 3.9 assists and 2.4 rebounds in 21.5 minutes in 29 games (all starts) this season. Stoudamire had not played in the club’s last 14 games since logging 17 minutes at San Antonio on Dec. 30.
Stoudamire appeared in 118 games (107 starts) in two-plus seasons for the Grizzlies and averaged 8.4 points, 4.6 assists, 2.6 rebounds and 0.7 steals in 25.3 minutes. Memphis originally signed Stoudamire as a free agent on August 5, 2005.
“We appreciate the consummate professionalism and love for the game which Damon exhibited in Memphis,” said Wallace. “The entire organization wishes him the best and hopes that he realizes his wish to join a championship contending team.”
Currently in his 13th NBA season, Stoudamire has averaged 13.8 points, 6.3 assists, 3.5 rebounds and 1.1 steals in 33.9 minutes in 847 career games (789 starts) with the Toronto Raptors (1995-98), Portland Trail Blazers (1997-2005) and Memphis (2005-08). The Portland native has made 1,222 career three-point field goals, which ties him with John Starks for 22nd place on the NBA’s all-time list and eighth among active players.
The 34-year-old was originally selected in the first round (seventh overall) in the 1995 NBA Draft by the Raptors. The University of Arizona product made an immediate impact, averaging 19.0 points and a career-best 9.3 assists, and was named 1995-96 NBA Rookie of the Year.
The Grizzlies’ roster currently stands at 13 players.

The Memphis Grizzlies signed forward Bobby Jones to a second 10-day contract, Grizzlies General Manager and Vice President of Basketball Operations Chris Wallace announced today.
Jones, who signed his first 10-day contract on January 10, has appeared in five games (two starts) with Memphis, averaging 7.2 points, 4.6 rebounds, 1.6 assists and 1.00 steals in 19.2 minutes.
In only his fourth game with the club, Jones made his first start this season vs. Seattle on Jan. 18 and posted career highs in points (20), rebounds (13), assists (7), steals (3) and minutes played (40) in a 124-100 victory over the SuperSonics at FedExForum.
The 6-7, 215-pound sophomore forward began the season with the Denver Nuggets, where he averaged 3.3 points and 1.4 rebounds in 23 games (no starts) before he was waived on Jan. 7.
The Compton, California native appeared in 44 games in his rookie season with Philadelphia in 2006-07, and started five of the final six games, where the 24-year-old averaged 9.6 points, 3.6 rebounds, 1.2 assists and 1.20 steals on 53.8 percent shooting in 27.2 minutes per game.

The Memphis Commercial Appeal reports: Griz rookie point guard Mike Conley is averaging 15 points on 50 percent shooting (11-of-22), 2.5 rebounds and seven assists over the past two games. … Of the Grizzlies’ last four games (0-4), two have been decided by three points or less (at Sacramento on Jan. 10 and at Los Angeles Lakers on Sunday) and another was decided in overtime (vs. Cleveland on Tuesday). … Pau Gasol is averaging 27.7 points on 63.2 percent shooting (36-of-57) to go with 13.7 rebounds, 5.3 assists and 2.3 blocks in the past three games. In his last 17 games, Gasol is averaging 21.2 points and 10.3 rebounds.

The Memphis Grizzlies signed forward Bobby Jones to a 10-day contract, Grizzlies General Manager and Vice President of Basketball Operations Chris Wallace announced today.
The 6-7, 215-pound forward owns career averages of 2.8 points and 1.3 rebounds in 8.1 minutes in 67 games (five starts) in two seasons with the Philadelphia 76ers (2006-07) and Denver Nuggets (2007-08).
Jones became available after the Nuggets waived him on Jan. 7 after averaging 3.3 points and 1.4 rebounds in 23 games (no starts) this season. Jones, who celebrated his 24th birthday yesterday, was acquired by Denver from Philadelphia on September 10, 2007 along with Steven Hunter for Reggie Evans and the draft rights to Ricky Sanchez. The Nuggets briefly assigned him to the Forth Worth Flyers of the NBA Development League from Nov. 28-Dec. 8, where he averaged 13.7 points and 8.0 rebounds in three contests for the Flyers.
Originally selected by the Minnesota Timberwolves in the second round (37th overall) of the 2006 NBA Draft, Jones was acquired by the 76ers in a draft night trade in exchange for a 2007 second round draft pick and cash considerations. The Compton, California native appeared in 44 games in his rookie season with Philadelphia, and started five of the final six games, where he averaged 9.6 points, 3.6 rebounds, 1.2 assists and 1.20 steals on 53.8 percent shooting in 27.2 minutes per game.
The four-year letterman at the University of Washington was the co-winner of the John Meyers Defensive Player Award at the team’s postseason banquet along with teammate and 2006-07 NBA Rookie of the Year Brandon Roy as a senior in 2005-06.
Jones, who will wear jersey No. 6 with the Grizzlies, joined the team this morning for the club’s shootaround in Sacramento. The Sacramento Kings host the Memphis Grizzlies 9 p.m. (Central time) tonight at ARCO Arena.
The roster currently stands at 14 players.

InsideHoops.com NewsWire: The Memphis Grizzlies waived guard/forward Jeremy Richardson, club General Manager and Vice President of Basketball Operations Chris Wallace announced today.
Richardson, a 6-7, 195-pound swingman, was signed on Dec. 20 and appeared in three games, totaling one rebound and one assist in 15 minutes played.
Prior to his GATORADE Call-up from the NBA Development League, Richardson was averaging a league-high 28.5 points, 6.6 rebounds, 1.8 assists and 1.63 steals in 41.5 minutes in eight games this season for the Fort Wayne Mad Ants.
The current roster now stands at 13 players.

Looks like Memphis point guard Damon Stoudamire, who this season in 21.5 minutes per game has averaged 7.3 points and 3.9 assists on 39.7% shooting, has no interest in being bench fodder while young Mike Conley and Kyle Lowry pass him on the depth charts. The Memphis Commercial Appeal reports:
Grizzlies veteran point guard Damon Stoudamire will seek a trade or contract buyout, his agent said Thursday. Stoudamire was removed from the starting lineup in favor of first-round draft pick Mike Conley. Stoudamire was on the inactive list for the Grizzlies’ victory Wednesday over Indiana. Aaron Goodwin, an experienced NBA agent with a star-studded client list, called the decision to relegate Stoudamire to an insurance player at the point unacceptable and disrespectful.
The Grizzlies have struggled this season and with 9 wins and 22 losses are tied for the 5th lowest winning percentage in the league.