Toronto Raptors Waive Forward; Becomes Free Agent

He had lost his rotation spot last season, and Toronto Raptors head coach Nick Nurse had clearly lost confidence in him, so Svi Mykhailiuk is now free to search employment on another team. 

The Toronto Raptors are waiving forward Svi Mykhailiuk, sources tell @TheAthletic @Stadium. Mykhailiuk, who's currently playing for Ukraine's national team at FIBA EuroBasket, is seeking a fresh start elsewhere.

— Shams Charania (@ShamsCharania) August 29, 2022

The Raptors have waived Mykhailiuk, who had started last season getting some major minutes, sometimes upwards of in the mid-30s range per game. But his three-point shooting fell off dramatically after the first two months of the season, and he was used sparingly from thereon out. 

The 25-year-old, currently playing for the Ukraine national team this summer, will now be looking to latch on with his 5th NBA team after his first four years in the league.

He's averaged 6.6 points in his 220 NBA games, shooting 35.3% from three-point range. His 30% for Toronto this past season represented his career low. 

Mykhailiuk had already exercised his US$1.9M player option for this season, so the Raptors are still left with that cap hit. 

$1.87M cap hit on the Svi Mykhailiuk waiver in Toronto.

The roster is now trimmed down to:

13 guaranteed contracts
3 partials
2 Two Ways
1 Exhibit 10

Below the tax: $1.85M
Below the hard cap: $5.9M

— Bobby Marks (@BobbyMarks42) August 29, 2022

With 13 guaranteed contracts, Toronto is down to just $1.85M below the tax, and $5.9M below the hard cap, as per NBA Front Office Insider Bobby Marks.

Photos: Brett Davis-USA TODAY Sports, Vincent Carchietta-USA TODAY Sports