The Toronto Raptors have agreed to buy out centre Marcus Camby and place him on waivers.
Camby, acquired as part of the trade that sent Andrea Bargnani to the New York Knicks, was owed $7.5 million over the final two years of his contract.
The 39-year-old centre appeared in just 24 games last season for the Knicks, averaging 1.8 points per game. Camby was picked second overall by Toronto in the 1996 NBA draft and has played 973 games during his career.
He expressed a desire to play for a contending team.
The Raptors announced Tuesday they were using their amnesty provision on forward Linas Kleiza, who joined the team as a free agent on July 26, 2010. He played in 108 games for Toronto averaging 9.8 points, 4.0 rebounds and 22.8 minutes.
Kleiza played in 20 games last season and averaged 7.4 points and 2.6 rebounds. He missed 30 games with a sore right knee.