Miles Plumlee

Plumlee signed a one-year contract Wednesday with the Perth Wildcats of the Australian National Basketball League.

Plumlee was waived by the Grizzlies on Saturday.

Plumlee (knee), along with Solomon Hill, has been traded to the Grizzlies in exchange for Chandler Parsons, Adrian Wojnarowski of ESPN reports.

Plumlee will undergo arthroscopic surgery on his injured left knee and be sidelined for the rest of the season, Chris Vivlamore of The Atlanta Journal-Constitution reports.