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Pistons waive Richard Hamilton

FILE - In this March 16 2011 file phoDetroit Pistons' Richard Hamiltreacts actisecond half an NBA basketball game against ToronRaptors

FILE - In this March 16, 2011, file photo, Detroit Pistons' Richard Hamilton reacts to the action in the second half of an NBA basketball game against the Toronto Raptors in Auburn Hills, Mich. A person familiar with the situation told The Associated Press on condition of anonymity, Friday, Dec. 9, 2011, that the team has decided to part ways with Hamilton, and that terms of a buyout are still being negotiated. Hamilton spent the last nine seasons with the Pistons, leading them to the 2004 NBA title but had a falling out last season with former coach John Kuester and was benched for most of a seven-week stretch. (AP Photo/Duane Burleson, File)

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DETROIT — The Detroit Pistons have waived Richard Hamilton.

The move was made Monday after both sides agreed to terms of a buyout, which saved the rebuilding team $4 million in salary cap space this season and $4 million more next season.

Hamilton was due to make $19 million over the final two years of his contract in Detroit.

He led the Pistons in scoring in eight of his nine seasons with the franchise. He helped Detroit win the 2004 NBA title during a run in which the franchise reached at least the Eastern Conference finals six straight seasons.

The native of Coatesville, Pa., is expected to land with the Chicago Bulls.

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