Raptors Waive Justin Hamilton

JULY 14: The Raptors have officially waived Hamilton, per the NBA’s official transactions log.

JULY 9: The Raptors will waive newly acquired center Justin Hamilton and stretch the remainder of his contract, Brian Windhorst of ESPN tweets.

Hamilton and his $3MM 2017/18 deal were acquired from the Nets in the trade that sent DeMarre Carroll to Brooklyn.

Per Bobby Marks of ESPN, the cap hit will be stretched into $1MM over each of the next three seasons. This, he adds, puts the Raptors $2.5MM below the luxury tax line.

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