OFFICIAL: Rockets General Manager Daryl Morey announced today that the team has waived guard Ty Lawson. pic.twitter.com/0AMDcIKidF
— Houston Rockets (@HoustonRockets) March 2, 2016
Lawson, 28, put up averages of 5.8 points and 3.4 assists in 22.2 minutes a game this season (his seven-year career averages stand at 13.3 points and 6.2 assists.)
The Rockets are now $524,000 under the hard salary cap.
After an initial apprehension to parting with Lawson after the NBA trade deadline, the Rockets will use the savings from the buyout to clear salary-cap space and likely sign another guard, league sources said.
Lawson has no predetermined post-buyout destination, but would be eligible for a new team’s playoff roster because he met the league’s March 1 waiver deadline. […] For Lawson, the experiment of co-existing with All-Star guard James Harden hasn’t worked this season. Lawson has carried himself as a professional throughout a difficult season, but simply has been unable to thrive with Harden, who is a ball-dominant scoring guard.
Lawson, 28, could be attractive to playoff teams searching for guard depth, or those out of the postseason race that’ll want to give him the chance at a test run for the future.