Merrill (ankle) will undergo surgery to address the ankle injury he's been dealing with, which will keep him out 3-4 months. As a result, he's been waived by the Grizzlies, Adrian Wojnarowski of ESPN reports.

EDGE Analysis

Merrill hasn't played since mid-November and had a relatively small role with the team. There's a chance he could play again in April, but that might be optimistic, and he may have to settle for a back-end roster spot or G League contract.