3:22pm: The Sixers have waived Thompson, a league source confirms to Keith Pompey of The Philadelphia Inquirer (Twitter link).
3:12pm: The Sixers are set to waive Hollis Thompson, a league source tells Derek Bodner of PhillyMag.com (Twitter link). Thompson is on a non-guaranteed contract, so cutting him before the upcoming salary guarantee deadline will ensure that the team isn’t on the hook for his full-season salary.
Thompson, 25, had been one of the longest-tenured players on the Sixers, having signed with the team back in September of 2013. In 256 games since then, the 6’8″ swingman has averaged 7.9 PPG and 3.1 RPG, with a .417/.389/.709 shooting line.
Given how much value is placed on effective three-point shooting in today’s NBA, it’s worth noting that the Sixers are cutting ties with a player who has made 39% of his career attempts from long distance. Still, Thompson’s 36.6% mark this season is the worst of his career, and he has also averaged just 18.1 minutes per game this season, another career low.
Thompson is in the final year of his contract and didn’t appear to be a part of Philadelphia’s long-term plan, so cutting him now will create some roster flexibility and will allow other players – such as rookie wing Timothe Luwawu-Cabarrot – to earn more playing time.
Meanwhile, even if he goes unclaimed on waivers, Thompson is a good bet to catch on with another NBA team soon, perhaps on a 10-day contract. He would become an unrestricted free agent on Friday if his release becomes official today and he clears waivers.