Posted July 01, 2012 on
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The New Orleans Hornets have waived Rashard Lewis, a move they've been expected to make since acquiring the 14-year veteran forward in a trade with Washington.
The Wizards had sent Lewis and the 46th overall pick in this year's NBA draft to New Orleans on June 20 in exchange for forward Trevor Ariza and center Emeka Okafor.
Lewis was entering the final year of a $118 million, six-year contract, which included a $13.7 million buyout provision for the last year of the deal.
The 6-foot-10 Lewis has averaged 16.1 points, 5.6 rebounds and 1.8 assists during his career. Hampered by knee injuries last season, he played in only 28 games for the Wizards, averaging 7.8 points and 3.9 rebounds.
BEST OF MAXIM
AROUND THE WEB
NO LEG TO STAND ON
Not one week after he was taken #1 overall in the NBA Draft, Hornets center Anthony Davis 'severely' sprained his ankle, which will likely keep him from participating in any Olympic activities.
Barry Gossage/NBAE via Getty Images As expected, the New Orleans Hornets have officially bought out Rashard Lewis’ contract, hence waiving the veteran forward from the squad, according to the Associated Press.
The 14-year-pro was traded on June 20 from the Washington Wizards to the Hornets along with the 46th overall pick in exchange for Trevor Ariza and Emeka Okafor.
Injuries seem to be dooming Team USA. Dwyane Wade, Chris Bosh and now possibly rookie sensation Anthony Davis are the three recent names to drop out-of-the-mix for the team that is headed to London.
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The buyout of Rashard Lewis is for $14 million, but the Hornets receive approximately $9 million in savings.
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