According to Charania, the Kings worked with DeRozan and his representatives to come to this decision to release him after they couldn’t find a trade that could work.
DeRozan was set to earn $25.74 million next season in what would have been his last with the Kings. As Charania reported, that deal was only partially guaranteed.
As Michael Scotto of HoopsHype reported, the Kings will be waiving and stretching the final $10 million that’s owed to DeRozan over the next three seasons.
Now DeRozan’s free to look for a new home with, as Charania reported, multiple contenders expected to be lining up for the six-time all-star.
DeRozan, 36, averaged 18.4 points per game on 49.7 per cent shooting from the field in 77 games with Sacramento last season. A veteran of 17 seasons, DeRozan was first taken ninth overall by the Toronto Raptors in the 2009 draft. He’s played for four (Toronto, San Antonio, Chicago and Sacramento) different teams over the span of his career.