NBA Trade News: Anthony Bennett Gave Up $2.15 Million For Buyout Agreement From Wolves
Anthony Bennett’s buyout agreement was for $3.65 million dollars. The 6-foot-8 forward’s salary was $5.8 million this year. If he clears waivers, he might have to sign for League’s minimum salary, which is worth $947,000. So he is sacrificing a $1 million from his original annual salary this season, according to Associated Press.
Anthony Bennett is ready to go ahead with it, because he wants more playing minutes this coming season. His current side Minnesota Timberwolves have a crowded front-court. There’s no scarcity for big men as well.
“When you look at our team, our deepest position is probably power forward,” Wolves GM Milt Newton said in a statement. “This move balances out our roster while also allowing Anthony another opportunity in the NBA. He has a lot of talent and his play this summer internationally made this a difficult decision for us.”
A shoulder injury ruined Bennett’s rookie season and he turned out to be a disappointment after being the No 1 overall pick in 2013 NBA draft. The Cleveland Cavaliers traded him to Minnesota Timberwolves last summer, a trade which helped the Cavs to land All-star Kevin Love.
After a promising summer outing for Team Canada, Bennett was desperate to get a buyout from Minnesota Timberwolves.