8:31pm: The release of Teague and Williams is now official, the team announced.
4:21pm: The Sixers are waiving Marquis Teague and Elliot Williams, reports Adrian Wojnarowski of Yahoo! Sports (Twitter link). Wojnarowski indicates the moves have already taken place, though the team has made no formal announcement. The Sixers faced a 4:00pm Central deadline to cut ties with at least three players to meet the league’s 15-man regular season roster limit, so it’s likely Teague and Williams are already on waivers. The same is probably true of Travis Outlaw, whom the team was reportedly likely to release just as it traded for him.
Teague had just arrived in Philadelphia via last week’s trade with the Nets. His salary of about $1.12MM is fully guaranteed for this season. He had a team option for about $2.023MM for 2015/16, but that option goes away once he clears waivers. It’s been a quick descent for the 29th pick from 2012, whom the Bulls sent to the Nets via trade last season. He’s averaged 2.3 points in 9.6 minutes per game for his career.
Williams was about to start season two of a four-year non-guaranteed contract, one that he’d signed after missing a year with a torn left Achilles tendon. The 22nd overall pick from 2010 was a rotation player for the Sixers last year, averaging 6.0 PPG in 17.3 MPG, but Philadelphia elected against bringing him back this year, even though the team’s roster is worse than last year’s.
The moves will leave the Sixers with just nine fully guaranteed contracts, plus a small partial guarantee to JaKarr Sampson. The team’s other five players are on non-guaranteed deals, leaving Philadelphia with plenty of flexibility and likely setting up more transactions.