The Toronto Raptors are waiving veteran forward Svi Mykhailiuk, sources told The Athletic's Shams Charania.
Mykhailiuk was set to earn $1.9 million in guaranteed salary in 2022-23 after exercising his player option in June. He initially penned a two-year deal with Toronto in August 2021.
The 25-year-old is currently seeking a fresh start elsewhere, according to Charania. He failed to crack a consistent role in the Raptors' rotation last season, averaging just 4.6 points and 1.6 rebounds while shooting a career-worst 30.6% from deep in 56 games.
The move opens up a spot on Toronto's training camp roster, per The Athletic's Eric Koreen.
He's currently competing at FIBA EuroBasket 2022 with the Ukrainian national team.