The Kings waived DeRozan in a cost-cutting move Monday as Perry works to get the team’s payroll below the luxury tax line. The Kings saved $15.7 million on DeRozan’s $25.7 million salary, which was only guaranteed for $10 million. They can further reduce their payroll if they choose to use the stretch provision to pay out the guaranteed money over three years.
“I’ve been in the league 26 years, and (DeRozan) was one of my favorite players to work with,” Perry said during a media scrum at the team’s practice facility. “I’ve worked with some great players, some Hall of Fame players, in my career. His professionalism, his leadership, the way he went about preparing for his job each and every day was exemplary, and how he poured into our young players last year was very important and very much appreciated.”
Sacramento Bee
