The New York Knicks have waived DaQuan Jeffries. New York will eat just over $800,000 in dead salary for this season after waiving Jeffries.

The Knicks had to make a waiver in order to take in OG Anunoby, Precious Achiuwa and Malachi Flynn in their Saturday trade with the Toronto Raptors. New York sent RJ Barrett and Immanuel Quickley to Toronto in that deal, along with a 2024 Detroit Pistons second-round pick.

Jeffries appeared in 10 games for the Knicks this season. He's also played for the Sacramento Kings, Houston Rockets and Memphis Grizzlies in his five-year career.

The San Antonio Spurs waived Charles Bediako from his two-way contract on Friday.

Bediako will miss the next 6-8 weeks with a torn left meniscus. 

The Philadelphia 76ers are adding forward Kenneth Lofton Jr. on a two-way contract. To clear room for Lofton, the Sixers are waiving guard Javonte Smart.

Lofton was waived by the Memphis Grizzlies earlier in the week. Memphis needed to create a roster spot when Ja Morant was reinstated from the suspended list.

The 6-foot-6 forward appeared in 39 NBA games with the Grizzlies over the past two seasons. He's averaged 4.1 points in seven minutes per game over that period.

In the G League, Lofton has been a dominant scorer and rebounder. In 32 games over two seasons with the Memphis Hustle, Lofton has averaged 22.4 points and 10.2 rebounds per game.

Smart appeared in one NBA game for 76ers this season.

The New York Knicks have waived Jaylen Martin from his two-way contract. New York did this to create roster space to sign Dmytro Skapintsev to a two-way deal. Skapintsev was added to provide center depth, with Mitchell Robinson and Jericho Sims both injured.

Martin did not appear in an NBA game this season. The 6-foot-6 wing played in 16 games with the Westchester Knicks of the G League. Martin averaged 9.7 points and 2.9 rebounds for the G League Knicks.

The Memphis Grizzlies have a roster crunch with Ja Morant set to be activated from the suspended list in the coming days. Morant has one game left on his 25-game suspension. After Monday's game, Morant will return to the Grizzlies active roster.

At that point, Memphis will have to make a roster move. It appears that the team has decided to waive second-year forward Kenneth Lofton Jr. to make room for Morant. Lofton's contract is fully guaranteed, which will result in $1.7 million in dead money on the Grizzlies cap sheet.

When Morant was moved to the suspended list, the Grizzlies signed Bismack Biyombo to fill the open roster spot. Biyombo has become an integral part of Taylor Jenkins' rotation, including starting several games.

In parts of two seasons with Memphis, Lofton has appeared in 39 NBA games. He's also appeared in 32 G League games for the Memphis Hustle during the last two seasons.

The Chicago Bulls are signing forward Henri Drell to a two-way contract. To make room for Drell, the Bulls will waive forward Justin Lewis.

Drell has played for the Windy City Bulls of the G League for the last three seasons. The 6-foot-9 Estonian has averaged 7.9 points and 4.9 rebounds per game over those three seasons.

Lewis has yet to appear in NBA game, despite spending two seasons with the Bulls. He missed the entirety of the 2022-23 season while rehabbing from a torn ACL. Lewis has averaged 5.7 points and 5.1 rebounds in 12 games for Windy City this season.

The Boston Celtics waived Nathan Knight, sources told Michael Scotto of HoopsHype.

The Celtics opened up a two-way spot on the roster with the move. 

The Toronto Raptors announced Friday they have waived two-way guard-forward Ron Harper Jr. Toronto’s roster now stands at 15, with two two-way players.

Harper averaged 2.0 points, 0.7 rebounds and 5.2 minutes in 10 career games with the Raptors after signing as an undrafted free agent prior to the 2022-23 season. He also appeared in 49 showcase and regular season games with Raptors 905, posting averages of 16.7 points, 5.1 rebounds and 32.3 minutes.

Harper will undergo season-ending surgery next week after sustaining a subluxation of the left shoulder while with Raptors 905 in a game Dec. 7 at Long Island.

The Washington Wizards have waived John Butler Jr. Butler was signed to a two-way contract with the Wizards and the Capital City Go-Go of the G League.

Butler did not appear in a game with Washington this season. In 10 G League games, the 7-foot center averaged 7.9 points, 3.8 rebounds and 1.7 blocks in 22.5 minutes per game.