Hawks Waive Antawn Jamison

3:18pm: The Hawks have officially waived Jamison, the team announced.

FRIDAY, 12:24pm: Atlanta will waive Jamison, tweets Chris Vivlamore of the Atlanta-Journal Constitution. It’s not entirely clear whether Jamison will give back any of his salary in a buyout, or whether he’s simply being released. The move will give the team an open roster spot to re-sign Cartier Martin.

THURSDAY, 3:22pm: The Hawks and Antawn Jamison appear to be thinking about swinging a buyout in the wake of Atlanta’s agreement to trade for the veteran power forward today, tweets Adrian Wojnarowski of Yahoo! Sports. Jamison is making the minimum salary, and represents a cap hit of just $884,293. The league pays the rest of his nearly $1.4MM take.

In the buyout arrangement, Jamison would agree to give up some of his salary in exchange for the Hawks putting him on waivers. He’d probably look to sign with a contending team if he hits free agency. A club that’s particularly enamored with him could claim him off waivers, but that seems unlikely for the 37-year-old who’s averaging just 3.8 points in 11.3 minutes per game this year.

The Hawks would have to waive him on or before March 1st for him to be eligible to play for another team in the postseason this year. The Wasserman Media Group client isn’t far removed from a 17.2 PPG season for the Cavs in 2011/12, so he could be an intriguing commodity for teams confident he can show at least a glimpse of his old form.

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