Hornets finalize buyout, waive veteran Lewis

The Hornets have waived Rashard Lewis, a move they've been expected to make since acquiring the 14-year veteran forward in a trade with Washington.

The Wizards had sent Lewis and the 46th overall pick in this year's NBA draft to New Orleans on June 20 in exchange for forward Trevor Ariza and center Emeka Okafor.

Lewis was entering the final year of a $118 million, six-year contract, which included a $13.7 million buyout provision for the last year of the deal.

The 6-foot-10 Lewis has averaged 16.1 points, 5.6 rebounds and 1.8 assists during his career. Hampered by knee injuries last season, he played in only 28 games for the Wizards, averaging 7.8 points and 3.9 rebounds.