Memphis Grizzlies General Manager and Vice President of Basketball Operations Chris Wallace released the following statement today on Spanish guard Juan Carlos Navarro, who rejoined F.C. Barcelona after completing his rookie NBA season with the Grizzlies in 2007-08.

“Juan Carlos Navarro has decided to rejoin his former team, F.C. Barcelona,” said Wallace. “As of late Tuesday, Juan Carlos’ intention was to test the NBA free agent waters come July. However, on Wednesday he received the proverbial offer he could not refuse from his old team. We plan on extending a qualifying offer to Juan Carlos so that the Grizzlies retain the right to match any future offer if he ever decides to return to the NBA.

“Juan Carlos made a positive contribution to the team and we wish him and his family all the best in his return to his homeland.”