According to the report, if the team does decide to release Rice, it will likely do so by Wednesday so he can clear waivers by Jan. 10, the date that all contracts become guaranteed for the rest of the season.
Rice has spent most of the season with the Fort Wayne Mad Ants of the NBDL. He was sent to the Mad Ants in November after spending just the first six games of the season with the Wizards, appearing in five of those games and scoring 11 total points in 8.5 minutes per game.
Rice hasn't appeared in the Mad Ants' last four games for undisclosed reasons.
Though Rice was named MVP of this offseason's Las Vegas Summer League, averaging 25 points per game, he struggled to secure a spot in Washington's rotation, thanks in part to the emergence of veteran Rasual Butler and continued development of former No. 3 pick Otto Porter Jr.
Rice was selected by the Philadelphia 76ers in the second round of the 2013 NBA draft before being traded to the Wizards on draft night. He appeared in 11 games for the Wizards as a rookie while also spending time with the Iowa Energy of the NBDL.
In 16 career NBA games, Rice has averaged 2.7 points in 9.5 minutes per game.
The Wizards are 22-11 this season and in second place in the Southeast Division. Washington currently has the fourth-best record in the Eastern Conference.
- Ben Estes