Ja Morant issues statement, announces he'll take some time away from Memphis Grizzlies

Memphis Grizzlies star Ja Morant released a statement on Saturday afternoon, issuing an apology after an Instagram Live video from his account showed the point guard purportedly holding a handgun near his ear in a nightclub.

The Grizzlies announced early Saturday afternoon that Morant would be away from the team for at least the next two games. Two hours later, Morant issued a statement.

“I take full responsibility for my actions last night," Morant said. "I’m sorry to my family, teammates, coaches, fans, partners, the city of Memphis and the entire Grizzlies organization for letting you down. I’m going to take some time away to get help and work on learning better methods of dealing with stress and my overall well-being.”

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Morant deleted his Instagram and Twitter accounts on Thursday afternoon. His statement was issued through his agency.

The Grizzlies' star has a lot on the line from a branding perspective. He announced on Christmas Day that he was receiving a signature Nike sneaker that's expected to be released to the public on April 1. Powerade announced three days ago that it was making Morant its first athletic partnership in more than five years and face of the brand.

The Grizzlies (38-24) are the No. 2 seed in the Western Conference with a one-game lead over the Sacramento Kings. Morant will at least miss road games against the Los Angeles Clippers and L.A. Lakers.

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This article originally appeared on Memphis Commercial Appeal: Ja Morant of Memphis Grizzlies issues apology for handgun incident