Former No. 1 pick Anthony Bennett has cleared waivers and is expected to sign early next week with the Toronto Raptors. The Philadelphia 76ers and Portland Trail Blazers were the only teams with sufficient salary-cap space to claim him, though the Cleveland Cavaliers had a trade exception big enough to absorb Bennett’s $5.8 million salary.
Bennett instead walked away from the Minnesota Timberwolves with a $3.65 million buyout and is expected to sign with the Raptors for $947,276.
The move to Toronto, after a strong summer with the Canadian national team, might be the spark Bennett needs to kick-start his career after rough stints with the Cavaliers and Timberwolves.
The top pick of the 2013 draft by the Cavaliers, Bennett was traded to Minnesota in the Kevin Love deal in the summer of 2014 but struggled in his lone season with the Timberwolves with injuries.
The Minnesota Timberwolves have reached agreement on terms of a $3.6 million buyout with the former No. 1 overall pick Anthony Bennett .
If Bennett is claimed on waivers, he would make his full $5.8 million salary and would be owed nothing by the Wolves. If he clears waivers, he is likely to sign a minimum free agent contract worth $947,000, thereby forfeiting about $1 million from his original salary.
Bennett was the top pick of the 2013 draft by the Cleveland Cavaliers. He was traded to Minnesota in the Kevin Love deal last summer, but struggled in his lone season there with injuries.
Bennett played well for Team Canada this summer in the FIBA Americas tournament. But he was on a Timberwolves team filled with options at power forward and due to make $5.8 million this season. The Timberwolves had attempted to trade Bennett but could not find a trade partner to take him.
Portland Trailblazers would like to sign Anthony Bennett in free agency instead of claiming him off waivers, though given their deficit beneath the $63MM salary floor, absorbing Bennett’s full salary wouldn’t necessarily cost the Blazers extra money. A waiver claim would surely be Minnesota’s preference, too, since the team would be off the hook for any money to Bennett in that situation.
Bennett and the Minnesota Timberwolves have agreed to the buyout, and the team will release him soon. Portland has enough cap room to claim Bennett off waivers, but it’s not immediately clear if the Blazers plan to do so or prefer to chase him in free agency. The Sixers also have the cap room necessary to claim him, and the Cavaliers have a trade exception large enough to snag him off waivers, too, though it’s not clear if either of those teams have any such inclination.
Former No.1 draft pick Anthony Bennett and the Minnesota Timberwolves are talking buyout.
Minnesota is stacked up front and doesn’t need Bennett. They have a five-man big rotation already of Karl-Anthony Towns, Kevin Garnett, Gorgui Dieng, Nikola Pekovic, and Adreian Payne. They don’t need Bennett.
Minnesota had tried to trade Bennet before, but there were no takers. Minnesota got Bennett from Cleveland in the Kevin Love trade.
• The Timberwolves have also made Anthony Bennett, the No. 1 pick in 2013 available for a trade, ESPN’s Marc Stein reports.
It’s sad to think that the Wolves won’t need Bennett due to the fact that they have a log jam on front court. They have KG, Pekovic, Dieng, Hummel and #1 pick. So this is probably the main reason why they want to trade Bennett, A lot of people thinks he is a bust, they might be partly correct but he can also be a solid player if he work on his game and am sure he is doing that right now. Best case for him would be Derrick Coleman like career or worst case Clarance Weatherspoon. I think Wolves might package Benett with one of their late first round picks to climb up or with Kevin Martin as well. The best fit i can see for Bennett would be with the Clippers assuming they don’t get Pierce, he would thrive playing next to CP3. I will leave you with Bennett’s 2014-2015 season highlights: