76ers waive Gerald Henderson, save $8 million in salary
Team announces it has waived guard Gerald Henderson.
Pres. of Bball Ops Bryan Colangelo thanks Gerald for his contribution to the program: pic.twitter.com/nWhsPCCYVS
In an effort to save money during an ongoing rebuild, Hondo’s $9 million salary for the upcoming season needed to be waived before Friday’s deadline.
The move comes just in time for the 29-year-old guard to enter free agency unrestricted, yet still, will retain $1 million of the guaranteed salary he was owed.
Henderson averaged 9.2 points, 1.6 assists, and 2.6 rebounds for the Sixers.