Carmelo Anthony traded to Hawks, will be waived

In a long-awaited move, the Oklahoma City Thunder rid themselves of the former Syracuse Orange star’s large contract, though not through expected means. The Atlanta Hawks, owners of most of the cap space remaining in basketball this summer, will facilitate the waiving of his contract. Adrian Wojnarowski first reported the trade.

In return, the Thunder will acquire Dennis Schroder to add to their back court depth. Atlanta had been trying to offload his contract as they develop Trae Young and continue their rebuild. He’s owed $15-million each of the next three seasons, so OKC takes on $45-million in the long term to rid themselves of Anthony’s $28-million owed this year.

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