Seraphin was waived by the Pacers on Monday, Shams Charania of The Vertical reports.

The decision comes just hours before Seraphin's deal for the 2017-18 season would have become guaranteed, so waiving the 27-year-old will save the Pacers close to $2 million against the cap. After coming over from New York as a free agent last summer, Seraphin appeared in only 49 games, averaging 4.7 points and 2.9 rebounds in 11.4 minutes per game.

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