Atlanta claimed Wallace off waivers from the Timberwolves on Oct. 23. Since then, the former Clippers guard appeared in 14 games for the Hawks, averaging 2.9 points and 1.6 rebounds in 11.5 minutes per game. In parts of three seasons, Wallace, 25, has appeared in 106 games, averaging 5.2 points.
By waiving Wallace, the Hawks opened up a roster spot. As noted by ESPN’s Bobby Marks (Twitter link), the Hawks have $4.8M in cap room and could direct some of that money toward filling the vacancy.
Wallace is expected to clear waivers on Monday and will be eligible to be claimed ($1.58M) if a team has an open roster spot and not faced with restrictions (hard cap), Marks says.