10:11 am: The Raptors have officially waived Fernando, tweets Murphy.
7:25 am: The Raptors are waiving big man Bruno Fernando, according to Michael Grange of Sportsnet (Twitter link). Fernando is on a non-guaranteed contract, so cutting him on Tuesday will ensure Toronto isn’t on the hook for his full-season salary.
Fernando, who signed a one-year, minimum-salary contract with the Raptors in August after previously suiting up for the Hawks, Celtics, and Rockets, was sparingly used during the first half of this season even though centers Kelly Olynyk and Jakob Poeltl both missed some time due to injuries.
Fernando appeared in 17 games for Toronto, making two starts. He averaged 3.4 points, 3.0 rebounds, and 1.1 assists in 8.6 minutes per contest.
The language in Fernando’s non-guaranteed contract initially called for his full $2,425,403 salary to be locked in if he made the Raptors’ opening night roster. However, the two sides agreed to amend the deal, pushing back the salary guarantee date to the league-wide deadline of January 7.
If Fernando hadn’t agreed to adjust the terms of his deal, he likely would’ve been released before earning any of his $2.43MM salary. Instead, he’ll end up making $1,115,128, a prorated portion of his minimum deal.
That’s also the cap charge the Raptors will carry on their books for the 26-year-old, assuming he’s not claimed on waivers. A waiver claim would ensure Fernando’s full salary becomes guaranteed and would take Toronto off the hook for his cap hit, but it’s an unlikely outcome.
According to Grange, the expectation is that the Raptors will maintain some flexibility with their 15th roster spot for now, perhaps auditioning players on 10-day contracts. That opening could come in handy at the trade deadline to accommodate certain deals. As Blake Murphy of Sportsnet observes (via Twitter), it could also potentially be used later in the season to promote two-way player Jamison Battle to the standard roster.
As for Fernando’s next step, the veteran center is considered a potential target for the Turkish club Fenerbahce, which has been in the market for frontcourt help, notes Johnny Askounis of Eurohoops. Exploring a deal with the EuroLeague powerhouse could be an appealing option for Fernando if he doesn’t get an offer from an NBA team right away.