Blazers waive forward Nicholson

The Portland Trail Blazers have waived forward Andrew Nicholson, using the stretch provision to spread out the salary-cap hit on the remainder of his contract, according to league sources.

The stretch provision saves the Blazers approximately $5.6 million in luxury tax this year.

The Blazers acquired Nicholson in a trade with the Brooklyn Nets for guard Allen Crabbe on July 25.

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