Raptors waive Dinwiddie after Schroder trade

The Toronto Raptors traded point guard Dennis Schroder and forward Thad Young to the Brooklyn Nets for Spencer Dinwiddie, the team announced Thursday.

Toronto subsequently waived Dinwiddie. The guard is in the final year of a three-year, $54-million deal he signed in 2021. The Raptors will save $1.5 million in upcoming bonuses with Dinwiddie's release.

The Nets also waived Young.

Dinwiddie's scoring is down this season. He's averaging 12.6 points per game on 39.1% shooting; both are his lowest outputs since 2017-18.

The Raptors are keeping forward Bruce Brown, who they acquired from the Indiana Pacers in the Pascal Siakam deal. Brown has a $23-million team option this summer.

Schroder was in his first season with the Raptors after joining in free agency. He's averaging 13.7 points and 6.1 assists on 44.2% shooting in 51 appearances, including 31 starts.

The German has a second year on his deal in 2024-25 for $13 million. Young's expiring $8-million contract is included for salary matching purposes.