The Raptors have placed guard Lorenzo Brown on waivers, tweets Adrian Wojnarowski of ESPN. Like other players who were waived today, Brown had a contract that would have become fully guaranteed by 5pm Eastern.
The reigning G League MVP, Brown was a two-way player for Toronto last season before signing a standard contract over the summer. He appeared in 26 games this year, averaging just 2.1 PPG in 8.2 minutes per night. The 28-year-old has also played for the Sixers, Timberwolves and Suns.
If Brown decides to return to the G League, his rights are held by the Pistons’ affiliate in Grand Rapids, notes Adam Johnson of 2 Ways and 10 Days (Twitter link).
The move leaves Toronto with 13 players, one below the league minimum. The team will have two weeks to add to its roster.
The Raptors’ luxury tax projection falls from $34.5MM to $32.2MM, according to ESPN’s Bobby Marks (Twitter link). Brown received $800K in guaranteed money on his deal.
How is Raptors luxury tax bill gonna fall by only $2 million when they just waived a player making $800 million? ;)
calm down dude, is just a writing error, he made $800K not MM, that is why they save $2MM
Not a writing error
Reading error
At the time of the OP it’s MM.
Obviously none of you saw the original post where it said $800MM, not $800K. For that price, you each could buy a sense of humor.