2:17pm: The Kings have officially waived Barnes, per a team release.
11:26am: In order for the DeMarcus Cousins trade between the Kings and Pelicans to become official, Sacramento will have to remove a player from its roster, since the team is sending out two players and taking three back. According to ESPN’s Marc Stein (Twitter link), the Kings are expected to open up that roster spot by waiving Matt Barnes.
Barnes, who will turn 37 next month, signed a two-year deal with the Kings in the offseason and has appeared in 54 games for the team this season. In 25.3 minutes per contest, Barnes has recorded 7.6 PPG, 5.5 RPG, and 2.8 APG.
Although Barnes’ on-court production is probably about in line with what Sacramento expected, his behavior off the court has created problems. The veteran forward was allegedly involved in an altercation at a Chelsea nightclub in early December, and was recently booked for misdemeanor assault. He’ll have to appear in a Manhattan courtroom at a later date as a result of the charge.
Waiving Barnes would leave some dead money on the Kings’ cap. In addition to his guaranteed $6.125MM salary for 2016/17, Barnes also has a 2017/18 player option worth approximately $6.4MM. Assuming Sacramento officially cuts the 14-year veteran, the team would be on the hook for that figure, though it could be stretched across multiple seasons to free up some additional cap room for ’17/18.
After completing their Cousins trade, the Kings are also viewed as likely to waive newly-acquired guard Langston Galloway, per Adrian Wojnarowski of The Vertical (Twitter link). If Sacramento goes ahead with that move, it would open up a spot on the club’s 15-man roster. (Note: Wojnarowski has deleted his tweet, and a more recent report from The Vertical has indicated the Kings will likely keep Galloway).