The Memphis Grizzlies have waived forward Michael Beasley, who had signed a non-guaranteed contract with the team last month. In a corresponding move, Beasley signed a one-year deal with the Shanghai Sharks of the China Basketball Association, according to Yahoo! Sports. The Sharks are owned by former Houston Rockets star Yao Ming. Read more http://espn.go.com/nba/story/_/id/1...aive-former-no-2-overall-pick-michael-beasley