The Memphis Grizzlies reached a buyout agreement with veteran point guard Damon Stoudamire on Monday evening. The Boston Celtics, Toronto Raptors, Phoenix Suns, and Denver Nuggets had been rumored to be teams interested in signing him once he clears waivers. ESPN.com's Chris Sheridan reports that two new teams have registered interest: the San Antonio Spurs and the Orlando Magic. Read the full report here.

I don't think signing Damon would be such a good move. At this stage in his career, he's little more than a backup, and the Magic already have plenty of those: Carlos Arroyo, Jameer Nelson, and Keyon Dooling are all backup-quality poitn guards. However, Stoudamire is more of a distributor than any of those players, and from that standpoint his presence could benefit us.

What do you think? Would you support the Magic adding Stoudamire? And which player would you want the Magic to cut to make room for him on the roster?