Houston has cut guard Tristen Newton, according to NBA.com's transaction log. Newton signed a two-way deal in January and played a single NBA game for the Rockets, scoring 12 against Memphis on April 12.
Sacramento is stretching what's left of DeMar DeRozan's $10 million salary, Michael Scotto of HoopsHype reports. That leaves him on the Kings' books at roughly $3.33 million a year for the next three seasons. DeRozan signed a one-year deal with Denver last week.
Klay Thompson has agreed to a buyout with Dallas and is expected to sign with Miami, per a report cited by CBS Sports, giving the Heat a shooter alongside Giannis Antetokounmpo and Bam Adebayo.
Cleveland has waived Cam Whitmore, per HoopsHype's Michael Scotto, eight days after acquiring him from Washington in the five-team sign-and-trade that brought Peyton Watson from Denver.
The Clippers are set to waive guard Sean Pedulla, per Michael Scotto of HoopsHype, citing sources. Pedulla had been on a two-way deal with Los Angeles. He was the G League's Rookie of the Year last season after averaging 23.6 points, 6.8 assists and 5.1 rebounds.
Houston announced it is waiving guard JD Davison, who had turned his two-way deal into a standard contract worth $2.5 million over two years this offseason. Only $82,000 of that was guaranteed, per Spotrac, so the financial hit is minimal.
Speculation about a buyout between Zach LaVine and the rebuilding Sacramento Kings has been dismissed, with reports indicating neither side is interested in that route at this time. LaVine is in the final year of his deal at roughly $48.9 million after opting in.
Kentavious Caldwell-Pope is expected to sign with the Philadelphia 76ers after agreeing to a buyout with the Memphis Grizzlies, according to ESPN sources. The veteran guard would add perimeter shooting and defense to Philadelphia's rotation. The move has been reported but not yet formally completed.
Portland has claimed big man Micah Potter on waivers.
Detroit has claimed Isaac Jones on waivers after Sacramento cut him loose. No terms disclosed.
Phoenix has claimed guard Jordan Goodwin on waivers. No terms disclosed.
