The Los Angeles Lakers could emerge with interest in DeAndre Jordan should he agree to a buyout with the Brooklyn Nets, a source tells Jake Fischer of Bleacher Report. Jordan's minutes declined with the Nets as the 20-21 season progressed and a buyout could save the team on its luxury tax bill.

Jordan signed a four-year, $40 million deal with the Nets during the 2019 offseason. 

Jordan spent 10 seasons playing for the Los Angeles Clippers. 

Shams Charania and Alex Schiffer of The Athletic also reported on Monday that Jordan is increasingly unlikely to remain with the Nets moving forward but no decision has been reached. 

The Memphis Grizzlies and veteran point guard Rajon Rondo have reached agreement on a buyout. Memphis will waive Rondo and he'll become an unrestricted free agent upon clearing waivers.

Upon clearing waivers, the Los Angles Lakers are the frontrunners to sign Rondo. 2021-22 will be Rondo's 16th NBA season. He played a big part in the Lakers winning the 2020 NBA Finals.

The Grizzlies acquired Rondo in a trade where they sent Eric Bledsoe to the LA Clippers for Rondo, Patrick Beverley and Daniel Oturu. Memphis subsequently traded Beverley to the Minnesota Timberwolves for Jarrett Culver and Juancho Hernangomez.

Memphis will still need to waive or trade at least three more players to get into regular season roster compliance.

The Dallas Mavericks have waived Two-Way player Nate Hinton. Hinton spent his rookie season with Dallas on a Two-Way contract. He went undrafted at the 2020 NBA Draft.

As a rookie, Hinton averaged 1.9 points in 93 minutes over 21 games with the Mavericks. In the G-League bubble, Hinton averaged 9.7 points and 6.1 rebounds in 12 games.

The Phoenix Suns have waived Ty-Shon Alexander.

Alexander was on a Two-Way contract last season and appeared in 15 games with the Suns. Alexander also appeared in 15 G League games, averaging 9.3 points, 2.9 rebounds and 1.9 assists in 23.7 minutes.

The Suns now have both of their Two-Way slots available. 

The Memphis Grizzlies have waived Sean McDermott in order to complete their trade with the Minnesota Timberwolves of Patrick Beverley for Jarrett Culver and Juancho Hernangomez.

McDermott (6-6, 195) appeared in 18 games off the bench for the Grizzlies as a rookie last season and averaged 2.2 points and 1.1 rebounds in 8.8 minutes. Undrafted in the 2020 NBA Draft out of Butler University, the 24-year-old native of Anderson, Ind., also competed in six games for the NBA G League’s Memphis Hustle.

The Indiana Pacers have waived Amida Brimah in order to sign DeJon Jarreau to a Two-Way contract.

Brimah signed a Two-Way contract with the Pacers in April and appeared in five games.

The Memphis Grizzlies have a roster logjam that will need resolved, sooner rather than later. The Grizzlies will need to waive or trade another player just to complete the 2-for-1 trade with the Minnesota Timberwolves of Patrick Beverley for Jarrett Culver and Juancho Hernangomez. And even then, Memphis will still need to waive to trade two more players to get into regular season roster compliance.

Because of the tight roster constraints both Rajon Rondo and Sam Merrill aren't expected to remain with the Grizzlies. Either player could be waived (either through straight waivers or via a buyout) or traded away.

Memphis acquired Rondo, along with Beverley and Daniel Oturu from the LA Clippers for Eric Bledsoe. Merrill was acquired in exchange for Grayson Allen in a trade with the Milwaukee Bucks.

Memphis currently stands at the offseason maximum of 20 players. The Grizzlies have 18 players signed to standard contracts and two players signed to Two-Way deals. Of the standard contracts, only one deal is non-guaranteed. That leaves Memphis with two guaranteed contracts over the regular season maximum of 15. And that's before the trade is completed with Minnesota.

The Sacramento Kings waived wing Justin James. James spent two seasons with the Kings after being drafted in the second round of the 2019 NBA Draft. The Wyoming product played in 72 total games for Sacramento.

James averaged just 7.5 minutes per game over 36 games played in each of the 2019-20 and 2020-21 seasons. During that time, James averaged 3.2 points per game.

The 2021-22 contract for James was set to become fully guaranteed if he wasn't waived on August 15. Because his contract was non-guaranteed, the Kings won't have any cap hit for James. He'll become an unrestricted free agent upon clearing waivers.

The Orlando Magic have waived guard Dwayne Bacon.

Bacon (6’6”, 221, 8/30/95) appeared in all 72 games (50 starts) last season with Orlando, averaging 10.9 ppg., 3.1 rpg. and 1.3 apg. in 25.7 minpg., while shooting .824 (145-176) from the free throw line. He was one of only 11 players in the NBA to play in all 72 regular season games.

The Charlotte Hornets have waived wing Caleb Martin. Martin's contract was due to become fully guaranteed on August 15. This transaction was done to create cap space for Charlotte to sign forward Kelly Oubre Jr.

In two seasons with the Hornets, Martin averaged 5.3 points per game.