The Memphis Grizzlies exercised the third-year 13 season.

Pondexter has appeared in 16 games for Memphis this season, averaging 4.4 points and 2.1 rebounds in 14.9 minutes a game.

The 26th-overall pick of the 2010 draft has career averages of 3.2 points, 1.5 rebounds and 11.9 minutes through 82 games with New Orleans and Memphis.