The have waived veteran guard as they continue trimming their roster ahead of the 2026-27 NBA season.

ESPN's Shams Charania reported the move on Friday, with Memphis needing to reduce the number of players on its roster before the start of the season.

Russell now has an opportunity to join another NBA team before opening night.

The 30-year-old former All-Star had joined Memphis during the offseason but will leave the franchise without appearing in a regular-season game.

Russell has played for the Los Angeles Lakers, Brooklyn Nets, Golden State Warriors, Minnesota Timberwolves and Dallas Mavericks during a 10-year NBA career.

His release immediately adds an experienced ball-handler and scorer to the late-offseason free-agent market.