The Raptors will waive John Salmons if they can’t find a trade suitor for the veteran guard by June 30, tweets Ryan Wolstat of The Toronto Sun. That is the date that Salmons’ contract becomes fully guaranteed, going from a $1MM cap hit to a $7MM figure. The Raptors are interested in moving both Salmons and Tyler Hansbrough, whose contract is also partially guaranteed at $1MM until June 29. A source tells Wolstat that it is unlikely Toronto finds a willing partner (Twitter link).
The Raptors could snag an asset from a team looking to shed cap space by acquiring and then waiving Salmons, or they could save the $6MM by cutting him themselves. Toronto is preparing to try and re-sign Kyle Lowry, who will become an unrestricted free agent on July 1. The point guard already has suitors lining up, and Toronto might need to use any savings they can manage to make their offer sweet enough to keep him around.