Detroit Pistons Finally Cut Josh Smith Off Payroll After Waiving Him Back In 2014
It’s 2020 and the Detroit Pistons are finally done paying Josh Smith millions of dollars.
The former NBA star signed a huge four-year, $54 million deal back in 2013, but would be waved at the end of 2014. In his first season with Detroit, Smith averaged 16.4 points, 6.8 rebounds and 3.3 assists per game.
The Pistons opted to use the stretch provision to release Smith, basically taking the remaining years on his deal and multiplying it by two. So, the two years (about $27 million) that was left on his deal became $5.3 million paid out over five years.
The team finally paid him his final $5.3 million in 2020 and can now take him off the books forever.
Smith brought in around 26,658,645 to not play for the team anymore.