Feb 01, 2013; Boston, MA, USA; Boston Celtics center Fab Melo (13) and Orlando Magic power forward Kyle O

Grizzlies Waive Fab Melo

The Grizzlies have waived Center Fab Melo, just two weeks after receiving him in a trade with the Boston Celtics, rendering Hal’s excellent player preview from just a few hours ago irrelevant. Bad luck, Hal. (Don’t do Marc’s player preview, okay? Just in case it was a bad vibes thing.)

Should another team claim Melo off waivers, the Grizzlies will be spared his $1.3 million salary next year, leaving them with a profit of a few hundred grand from the Donte Greene deal. Adrian Wojnarowski reports that an anonymous Eastern Conference executive thinks it’s likely Melo will be claimed — seven footers are always valuable assets, after all.

Are the Grizzlies still positioning themselves to make a bigger, more significant trade? Hard to tell, but the team is now safely below the tax line and with a multitude of Trade Exceptions — the most of any team, in fact. My gut feeling is that the front office is fine with the current roster (including Prince in the starting line-up), and they are now trying to shave as much excess salary as possible in preparation for the new season. But if a good deal presents itself, they are also in a good financial position to take advantage of it.

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