Currently viewing the tag: "Waive"

The Pistons have just waived Rip Hamilton according to The Free Press.  This is not an amnesty situation.

Detroit Pistons guard Rip Hamilton is expected to be waived today, according to a personal familiar with the situation.

Hamilton is owed $22 million over the next two seasons. He was set to make $13 million this season before the lockout and $9 million next season.

His contract is expected to be bought out by the Pistons and then he would be able to sign with another team.

Hamilton, who is not at the Pistons’ practice facility today for the opening of training camp, has been with the team since before the 2002-03 season.

Stay tuned for more info.

UPDATE: Via Matt Dery @DeryNBA

This is a buyout, for less than what Rip was owed this year.  Rip will now be an unrestricted Free Agent and free to sign with any team.