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76ers Waive Forward Gerald Wallace

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The 76ers made official what many expected to happen.

The franchise waived Gerald Wallace on Saturday, a league source confirmed. This move comes 57 days after the Sixers acquired the forward in a trade with the Golden State Warriors. The Sixers still owe the 33-year-old  $10.1 million for what would have been the final year of his expiring contract.

Source: Keith Pompey of The Philadelphia Inquirer