While the Sixers search for a veteran to complement their young core, it won't be Gerald Henderson.

The team announced on Friday that it waived the veteran guard, rather than pick up his non-guaranteed $9 million contract, the team cut ties with Henderson.

"It was a money decision," NBA writer Alex Kennedy said as a guest of the Sports Bash on Friday.

"They basically had to make that decision today, had they kept him his contract would have been guaranteed for next season for $9 million. It’s the difference between having that open roster spot, bringing in another veteran who’s relatively cheap and having that $9 million."

"We’ve seen Brian Colangelo like veterans and wants veterans around this young core," Kennedy continued. "He believes that’s important for the development. So I think you’re going to see someone replace someone like Henderson, just paying him $9 million seems like it’s too much."

The 29-year-old averaged nine points, three rebounds and two assists in 23 minutes per game while shooting 42 percent from the field, a career-high 35 percent from three-point range and 81 percent from the free-throw line..

"We want to thank Gerald for being the consummate pro that he is and for adding so much to our growing basketball program and culture," Sixers President of Basketball Operations Bryan Colangelo said. "Gerald’s professionalism, leadership and basketball contributions were a big part of our organization’s development this past year."

Korkmaz coming? 

International basketball reporter David Pick tweeted this photo yesterday, announcing that Korkmaz was free to play for the Sixers this season.

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