The Suns have waived Davon Reed, according to Shams Charania of The Athletic (Twitter link). The team was expected to either trade or waive Reed, as was reported on Monday.
Phoenix will incur a cap hit of $1.4MM this season unless another team claims the former second-rounder, as Bobby Marks of ESPN.com relays (ESPN now link). Reed was set to receive approximately $1.61MM during the 2019/20 season and $1.75MM during the following season. Each of those seasons has a July 10 non-guaranteed trigger date.
The move clears a roster spot for Jamal Crawford, who agreed to a deal with Phoenix earlier this week. The team is short on experienced options at the point guard position, so Crawford could see playing time right away.
I think James Jones is doing some quick remodeling. But if the rejected Reed accents work well elsewhere that could factor into his possible promotion.