Official announcements from the Detroit Pistons or NBA transaction logs

Detroit Pistons Waive Paul Reed, Averaging 4.8 Points, $7.7M Contract, to Gain $15.5M Cap Space

Dec 14, 2024, 08:11 PM

The Detroit Pistons have waived center Paul Reed, according to sources. Reed played 12 games for the team, averaging 4.8 points and 2.3 rebounds in 10 minutes per game. This decision comes as the Pistons seek to enhance their roster and salary flexibility ahead of the NBA trade deadline, which is less than two months away. Reed's contract for the 2024-25 season, valued at $7.7 million, would have become guaranteed on January 10 if he remained on the roster. The financial implications of this move include a cap hit of $2.48 million, providing the Pistons with $15.5 million in cap space, while also leaving them $1,418,136 below the minimum salary floor they must meet by the end of Sunday. The team currently has two open roster spots.