7:13 p.m.: Golden State has officially released Calderon, the team tweeted.
5:28pm: The Warriors have signed former Laker Jose Calderon, filling a promise to the veteran point guard, but he’s not expected to be with the team by the end of the day.
Golden State tweeted an announcement about the signing, which it pledged to Calderon when he agreed to a buyout with L.A. on Monday. However, after Kevin Durant suffered a knee injury Tuesday night that may keep him out for the rest of the season, the Warriors felt they needed a bigger player to take his place, so that roster spot will eventually go to Matt Barnes.
Golden State will waive Calderon later today to allow him to sign with another organization and still be eligible for the postseason. He will receive the guaranteed rest-of-the-season contract that he was originally promised and will go back on waivers for 48 hours. The Hawks are reportedly among the teams interested in signing Calderon once he clears waivers again.