Mavericks Release Troy Murphy

2:38pm: The Mavs have officially waived Murphy, according to a team release.

12:00pm: A day after reaching an agreement to sign Derek Fisher, the Mavericks will waive Troy Murphy in order to clear a roster spot, reports Tim MacMahon of Fisher's deal with the team is expected to be finalized once Murphy is released.

Murphy, 32, appeared in 14 games for the Mavericks, including one start. In 18.3 minutes per contest, he averaged 4.6 PPG and 3.5 RPG, shooting just 36.1% from the floor and 31.4% from downtown, well below his career rates (44.5% and 38.8%). Dwain Price of the Fort Worth Star-Telegram noted last night (via Twitter) that Murphy and his non-guaranteed deal would be a strong candidate to be waived for Fisher if Dallas felt Dirk Nowitzki was making good progress in his recovery.

Because he was on a non-guaranteed contract, Murphy won't remain on the books for the full veteran's minimum. However, having spent nearly four weeks with the team, he will earn a pro-rated portion of that salary, and the Mavs will take a cap hit for the same amount. Earlier today, I detailed Murphy's role in the revolving door that has been the Mavericks' 15th roster spot so far this season.

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