The Detroit Pistons are waiving middle Paul Reed. The transfer will create one other open roster spot for Detroit and roughly $5 million extra in cap area. The Pistons will enter commerce season with almost $15.5 million obtainable below the cap.
Reed was taking part in on the second 12 months of a three-year, $23.5 million deal. Reed’s contract has solely assured for this season for roughly $2.5 million of his $7.7 million contract.
The Pistons could have 14 days to signal a 14th participant to a normal contract to satisfy minimal roster necessities.
