The Raptors have waived veteran point guard Chris Paul, the team announced today.
Toronto acquired Paul from the Clippers at last week’s trade deadline in a financially motivated deal. There was never an expectation that CP3 would suit up for the Raptors, so it was just a matter of time before this transaction occurred.
After spending last season in San Antonio and starting all 82 regular season games for the Spurs, Paul sought a team in free agency last offseason that would allow him to stay close to home in Los Angeles. He eventually came to terms with the Clippers on a one-year, minimum-salary deal.
However, the future Hall-of-Famer’s 21st NBA season didn’t play out as planned. There was reportedly some tension over his limited role and his “abrasive” locker-room presence. With the Clippers off to a dismal start to the season, they announced in early December that they were “parting ways” with Paul, who would remain on the roster but would no longer be around the team.
L.A. didn’t want to waive Paul, since it would mean eating his guaranteed salary and leaving his $2.3MM cap hit on the team’s books, compromising the front office’s ability to make additional moves around the edges of the roster. Eventually, the Clippers got involved in a three-team deadline deal with the Raptors and Nets that allowed them to move off Paul’s minimum-salary contract while Toronto shed **Ochai Agbaji**‘s expiring $6.4MM deal to duck out of luxury tax territory.
More to come…