Surprising Turn of Events For Spurs Recently-Acquired Cam Payne

The Phoenix Suns made a salary-saving move earlier in the summer, trading eight-year veteran guard Cam Payne to the San Antonio Spurs in exchange for a swap of second-rounders. But the Spurs also received $5.7M cash in the deal, and now we know why. 

Faced with a roster crunch, the Spurs have waived the 29-year-old veteran, and Payne is now available for teams to claim off waivers, with his $6.5M expiring contract going with him to any club that does so. 

However, if he clears waivers (a more likely scenario), he will become a free agent, and free to work out a deal with any team. In addition, the Spurs will have to pick up his $6.5M salary. That's where that $5.7M received in the trade comes in handy to help cover a large chunk of that contract they'll have to ea.

Although he is set to become a free agent, he will not be able to re-sign with Phoenix, due to league rules. 

In 48 games for the Suns last season, Payne had a nice year as a backup point to Chris Paul, posting 10.3 points, 4.5 assists, and 2.2 rebounds in 20.2 minutes per night, right around his four-year marks with Phoenix.

Over the course of his career, he's averaged 8.0 points, 3.4 assists and 36% shooting from long distance. He'll make a nice rotation piece for a contending somewhere looking to fill out their roster with a solid guard. 

Photo: Jerome Miron-USA TODAY Sports