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Report: Toronto Raptors waive Quentin Richardson

Aug 30, 2013, 6:38 PM EDT

Atlanta Hawks v New York Knicks Getty Images

New York igned and traded Quentin Richardson with a three-year deal as part of the Andrea Bargnani deal, however Toronto wasn’t interested in him as a player. He and his salary were needed to make the trade work out, that was it.

The Raptors have a glut of players on the wing and planned to trade him or waive him… the answer is the latter.

Toronto waived Quentin Richardson on Friday, reports Adrian Wojnarowski of Yahoo Sports.

Richardson, 33, was owed the veteran league minimum of $1.4 million this season but the second and third years of deal were not guaranteed, according to Sham Sports. That means Richardson still counts against the Raptors cap this year but not in future years.

Last season a young Magic team didn’t play Richardson and eventually swallowed his $5 million salary to waive him. The Knicks signed him for the playoffs but he played a total of 14 minutes in five games in the postseason for New York.

At his age and with his game declining, it’s going to be hard for him to catch back on with a team.

  1. money2long - Aug 30, 2013 at 6:44 PM

    why’d they wait this long to do it

  2. wsuperman4445 - Aug 30, 2013 at 7:20 PM

    does anyone know how much an average owner( I know most of them are billionaires) of a NBA team makes( in team profits only) in a given year? I ask because it seems like its Nothing for a team to wave, amnesty or offer a player remaining money on contracts if they don’t want that player, making that player an instant Millionaire if he isn’t already one, that is a lot of money to give some not to play. and they seem to do this on a regular basis some times with multiple players on a single team..

    • m4a188 - Aug 30, 2013 at 9:12 PM

      To be fair, many of them were already millionaires and the amount they receive when they are waived likely gets negotiated down to a smaller amount.

    • thebigcaptain2011 - Aug 30, 2013 at 9:22 PM

      The cost of doing business in the NBA. In the real world you have to fight to get your retirement. These guys are getting paid just to go away. That says a lot about the player….

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