Mere hours after reportedly being acquired by the Toronto Raptors in a trade that saw Toronto send DeMarre Carroll to the Brooklyn Nets, comes news that the Raptors plan to waive Justin Hamilton according to Brian Windhorst of ESPN. The trade involving Carroll and Hamilton has not yet been made official.

The Raptors plan to waive and stretch C Justin Hamilton after acquiring him from Nets, league sources say. — Brian Windhorst (@WindhorstESPN) July 9, 2017

Windhorst reports that the Raptors will waive Hamilton using the stretch provision. TSN Raptors reporter Josh Lewenberg points out that using this method will allow Toronto to stretch out Hamilton's $3 million salary for the upcoming season over the next three years, paying him $1 million annually. Lewenberg also notes that with 13 players currently on its roster, Toronto is roughly $2.5 million under the luxury tax.

Raptors plan to waive Justin Hamilton using stretch provision, per @WindhorstESPN. Will cost them $1M annually for 3yrs instead of $3M for 1 — Josh Lewenberg (@JLew1050) July 9, 2017

After waiving Hamilton, Raptors will have 13 players under contract for next season, should be roughly $2.5M under the tax — Josh Lewenberg (@JLew1050) July 9, 2017

Hamilton, 27, was selected in the second round of the 2012 draft by the Philadelphia 76ers. He never played a game for the 76ers, instead splitting his three seasons in the league — he did not play during the 2015-16 season — with the Charlotte Hornets, Miami Heat and Minnesota Timberwolves in addition to the Nets. He holds career averages of 6.1 points and 3.6 rebounds.