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Report: Kings waive Wayne Ellington

CBS Sports

The Sacramento Kings waived shooting guard Wayne Ellington on Sunday, according to ESPN's Marc Stein. Ellington, acquired from the New York Knicks earlier this month, had one year and $2.8 million left on his contract, and it's safe to assume the Kings will use the stretch provision on him. Sunday was the last day teams could use it. 

Ellington could have provided Sacramento with some 3-point shooting, but it appears the organization would rather clear salary for this season. The Kings also reportedly agreed to trade Jason Terry's $5.9 million expiring contract to the Houston Rockets on Sunday.

Last season in Dallas, Ellington played in 45 games and made 42 percent of his 3-point attempts. The Mavericks moved him to the Knicks as a part of the Tyson Chandler-Jose Calderon deal. He should latch on with another team before the start of the season.

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