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Nicholson was officially waived by the Trail Blazers on Wednesday, Adrian Wojnarowski of ESPN reports.

Nicholson came over from Brooklyn as a throw-in in the Allen Crabbe trade, and the expectation all along was that he'd be waived. Portland ultimately waited more than a month to make the move, which will cost the team roughly $2.8 million against the cap over the next seven seasons, and Nicholson will now become an unrestricted free agent. The St. Bonaventure product will look to catch on with another team during training camp, but at this point his options will be limited.

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