Gallinari is part of the Dejounte Murray deal. His partial guarantee was increased in order to complete the trade.
His $21.45MM salary next season had only been partially guaranteed for $5MM. His partial guarantee is believed to have been increased by an additional $5-6MM or so to match Murray’s incoming salary. San Antonio will get some cap relief by waiving him before his full salary becomes guaranteed.
Gallinari, 33, is expected to draw interest from contenders in both conferences. The Bulls, Celtics, and Heat are among the teams that have already been linked to him, and Gallinari has interest in those clubs, according to Dave McMenamin of ESPN, who tweets that the forward will be seeking mid-level type money.
Gallinari is a 38.1% career 3-point shooter and has averaged double digits in points since his second NBA season. He averaged 11.7 PPG and 4.7 RPG in 25.3 MPG over 66 regular season games (18 starts) last season.