The Kings announced Saturday that forward-center Jeremy Tyler had been waived in a move that frees up more space under the salary cap.
Tyler’s contract for next season would have become guaranteed later this month.
Tyler was acquired from the New York Knicks along with Wayne Ellington and the rights to the Knicks’ 2016 second-round draft pick for forwards Quincy Acy and Travis Outlaw.
Ellington had already been waived by the Kings.
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The Kings’ plan is to get below the luxury tax as much as possible for more flexibility to make a deal to improve the team.
Last season’s big trade was for Rudy Gay and the Kings are looking for at least one more cornerstone piece to join Gay and DeMarcus Cousins.
The next salary-cap clearing move can become official Sept. 15, when the trade of Jason Terry and his $5.45 million salary to Houston for the non-guaranteed contract of Alonzo Gee ($3.25 million) among others. The deal would also include second-round draft picks going to the Rockets.