8:09pm: Having completed their trade with the Lakers, the Clippers have officially released Teodosic, the club announced in a press release.
“We feel privileged that Milos chose to play for the Clippers after a fantastic career in Europe,” president of basketball operations Lawrence Frank said in a statement. “He has been a terrific playmaker and we are grateful for his contributions to the organization.”
Teodosic will clear waivers this weekend and is a strong candidate to return overseas if he doesn’t receive immediate NBA interest.
1:56pm: The Clippers are waiving Milos Teodosic, according to a tweet from Eurohoops. The Clips need to open a roster spot to complete the two-for-one deal that brought Ivica Zubac and Michael Beasley from the Lakers. The move was confirmed by Chris Haynes of Yahoo Sports (Twitter link).
Teodosic was a star in Europe who was highly sought after when he came to the NBA, but his experience in L.A. never worked out like he had hoped. He averaged 9.5 points and 4.6 rebounds in 45 games last year in an injury-plagued season, but has only appeared in 15 games this year as those numbers have dropped to 3.2 PPG and 2.1 APG.
Teodosic was already frustrated by his decreased playing time in November, when he talked about going back to Europe. A report in December indicated that a team in Turkey was “seriously pursuing” him if he could get out of his NBA contract.