5:40pm: The Sixers have officially waived Hill, announcing the move in a press release.
Hill, acquired by Philadelphia at the trade deadline in March, is currently under contract for 2021/22 with a cap hit of $10.05MM. However, only about $1.28MM of that salary is guaranteed, so the Sixers can save some money and generate a little extra cap flexibility by releasing him before his salary guarantee deadline this week.
Hill, who began the 2020/21 season with Oklahoma City, averaged 8.7 PPG and 2.4 APG on .482/.388/.800 shooting in 30 total contests (22.4 MPG) for the Thunder and Sixers. He didn’t make much of an impact in the postseason for Philadelphia, with just 4.7 PPG and 1.5 APG in 12 playoff games (17.1 MPG).
While Hill wasn’t exactly a bargain on his $10MM salary, he’d be a worthwhile investment at a lower rate. If and when he clears waivers, he should receive interest from teams looking to add an affordable veteran guard to their bench.